| Accrual |
|
An accounting entry to account for income or expenditure that has been incurred, but for which invoices have not yet been posted. |
| Activity Detail |
|
This is a flag on the project which determines the type of activity and determines which part of the income and expenditure it relates to. |
| Available Budget |
|
The amount left to spend on the project providing the total budget figure is correct. |
| Budget |
|
Full amount/estimate available to spend |
| Commitments |
|
This is currently purchase orders raised against the project. Therefore the funds have been spent |
| Cost Centre |
|
Is your department code with 2 digits added to the end to help the department control spend. |
| Deferral |
|
An accounting entry to take out income (or sometimes expenditure) and put it back (defer) to a later accounting period to which it relates (e.g. an advance payment) |
| Directly Allocated Expenditure |
|
Examples of this are PI Time, Estate Costs and Indirects |
| Directly Incurred Expenditure |
|
Examples of this are consumables, Research Assistant, travel, etc |
| Life to Date Budget |
|
Life to date budget column is the profiled amount of the budget to date. |
| Life to Date Accruals |
|
Total of transactions to date |
| Month Actuals |
|
Current month transactions |
| Project |
|
This is a number given to identify the project (new name for a budget centre) |
| Year to Date |
|
Current Balance within the current financial year |
