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How is program income accounted for in Advantage?

April 26, 2017accounted advantage income program

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How is program income accounted for in Advantage?

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A sponsored project program income account is created. The program income revenue is deposited into this account. The program income budget is set to equal the program income revenue generated by the project. In non-research projects (deductive method) where the program income reduces the funding from the sponsor, the sponsor’s account budget is reduced by the amount of program income.

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Posted

A sponsored project program income account is created. The program income revenue is deposited into this account. The program income budget is set to equal the program income revenue generated by the project. In non-research projects (deductive method) where the program income reduces the funding from the sponsor, the sponsor’s account budget is reduced by the amount of program income.