Get the free Cost Transfer Request Form - usfca

A form used by the Office of Contracts and Grants to request the transfer of costs between projects, including explanations for the transfer and supporting documentation.

How to fill out cost transfer request form

How to fill out Cost Transfer Request Form

1. Obtain the Cost Transfer Request Form from the appropriate departmental website or office.
2. Fill in the date at the top of the form.
3. Provide the reason for the cost transfer clearly in the designated section.
4. List the original account number from which the funds are being transferred.
5. Enter the new account number to which the funds are being transferred.
6. Specify the amount being transferred and any related details required.
7. Attach any supporting documents or justifications as required by your department.
8. Review the completed form for accuracy.
9. Submit the form to your supervisor or designated approver for signature.
10. Once approved, submit the form to the finance or accounting office for processing.

Who needs Cost Transfer Request Form?

1. Departments or teams that need to reallocate funds between accounts.
2. Employees who have expenses that were mistakenly charged to the wrong account.
3. Project managers overseeing budget adjustments.
4. Individuals handling financial transactions that require budget corrections.

People Also Ask about

What is the meaning of transfer cost?

Meaning of transfer price in English an amount of money charged by one department in a company to supply goods or services to another department in the same company, or from one company to another in a group: Some firms use transfer prices as a way of moving profits into "low-tax" countries.

What is the cost transfer process?

A cost transfer is when an expense is transferred from one account to another account after the expense was initially recorded in the financial accounting system or is an after-the-fact reallocation of expenses (e.g., P-card reallocations). Cost Transfers can be for salary or non-salary expenses.

What is an example of a cost transfer?

A researcher initially charges $1,000 of laboratory supplies to a sponsored research project. Later, it's determined that $200 of those supplies were used on another non-sponsored project. To correct this, a cost transfer would be initiated to move $200 of the expense total to a non-sponsored project.

What is a cost transfer Harvard?

A cost transfer (CT) is a transfer of an expense onto a federally funded sponsored award previously recorded elsewhere on Harvard's General Ledger (GL) and identified by Harvard as requiring institutional approval before it can be posted to the GL.

What is an example of a cost transfer?

A researcher initially charges $1,000 of laboratory supplies to a sponsored research project. Later, it's determined that $200 of those supplies were used on another non-sponsored project. To correct this, a cost transfer would be initiated to move $200 of the expense total to a non-sponsored project.

What is a labor cost transfer?

Definition. Labor cost transfers are defined as allocations of labor expense impacting sponsored project(s) after the effort certification period has closed. This procedure applies to all sponsored projects with both federal and non-federal awards.

What is the labor cost fee?

Definition: Cost of labor is the amount paid by an employer to cover an employee's wages and benefits, plus related payroll taxes and benefits. Labor cost is an important value that finance and accounting professionals calculate to determine the direct and indirect price that a company pays for labor.

For pdfFiller’s FAQs

What is Cost Transfer Request Form?

The Cost Transfer Request Form is a document used to request the reallocation of costs between different accounts or budgets, typically within an organization or funding agency.

Who is required to file Cost Transfer Request Form?

Typically, researchers, project administrators, or financial officers are required to file the Cost Transfer Request Form when adjusting costs associated with funding or project accounts.

How to fill out Cost Transfer Request Form?

To fill out the Cost Transfer Request Form, one must provide details such as the account numbers involved, the amount to be transferred, the reason for the transfer, and any supporting documentation as required.

What is the purpose of Cost Transfer Request Form?

The purpose of the Cost Transfer Request Form is to ensure proper allocation of expenses, maintain accurate financial records, and to comply with funding regulations.

What information must be reported on Cost Transfer Request Form?

The information that must be reported on the Cost Transfer Request Form typically includes the account numbers, the amounts being transferred, the justification for the transfer, date of the transfer, and any relevant project details.