If there are
erroneous charges to the account, the Principal Investigator must take
corrective actions by initiating applicable paperwork or contacting the
person who can make corrections:
Contact
Procurement Department regarding corrections to commitments.
Initiate
Interdepartmental Transfers (IDTs) forms to transfer erroneous costs.
Initiate
Human Resources forms to make corrections or adjustment to salary
and wage costs.
Administrative
Assistants can provide assistance in obtaining appropriate forms.
NOTE: On Federal grants, Final Report must be
filed within 90 days of end project date; therefore, all
corrections must be completed and reflected in the accounting
system prior to filing the final report.
THE PRINCIPAL INVESTIGATOR’S RESPONSIBILITY TO RECONCILE ACCOUNTS