Introduction: Grants Cost Sharing Functionality
Some sponsors require that grantee organizations contribute to some of the costs of a project that is being sponsored. This cost sharing is supported in Grantee Management by classifying the account assignment fund as external or internal. Monies received from the sponsor are recorded on an external fund, while contributions from the grantee organizations are recorded on internal funds.
The fund is available in budgeting, as well as on all commitment- and expense-generating transactions such as purchasing documents and invoices. This allows you to separate the sponsor and grantee contributions for all the relevant business processes, and also in reporting.
Detailed cost sharing requirements can be entered in Grant Master Data and this can be used for automatic account assignment splitting and cost share reporting.
This lesson describes these functionalities in detail.
Grant Fund Type
Before a fund can be used in Grantee Management, it needs to be classified as external or internal. This is done by setting the Fund Type attribute to
GM Fund Type.