XX - XXX - XXX
1X - XXX - XXX Asset Accounts
2X - XXX - XXX Liability Accounts
3X - XXX - XXX Equity Accounts
4X - XXX - XXX Revenue Accounts
Direct Expenses are directly attributable to the project or activity under an award.
They must be
50 - 5XX - XXX
Depending on the type and complexity of the award, the accounting code for a project will fall under one of the following structures.
Award Code | Budget Yr + Month | Roll-up Level | Budget/Task |
---|---|---|---|
XXXXXX | .YXXX | .XXX | .XXX |
Example: | |||
101005 | .Y210 | .5XX | .500 |
IRIS Assigned Award # | Year 2, starting in Oct | Data Services Roll-up | Data Services Task # |
Award Code | Budget Yr + Month | Budget/Task |
---|---|---|
XXXXXX | .YXXX | .XXX |
Award Code | Budget/Task |
---|---|
XXXXXX | .XXXX |
The project accounting software ties every financial transaction to