Cost Accounting

Overview

Cost Accounting tracks and monitors Grants and Projects within CORE and provides all of the functionality necessary for the management and timely reimbursement of Grant and Project costs.

Cost Accounting is the tracking of accounting events that are associated with a special purpose. The purpose could be defined by funding received from an outside entity (for example, a Federal award or third-party award) or the purpose could be grouping costs together for internally defined reasons, for example, a special spending initiative or specific costs incurred to provide a service. In many cases, Cost Accounting activity is tracked for purposes of billing an outside entity to reclaim some or all of the costs.

Cost Accounting is fully integrated with other areas of CORE, for example:

    • General Accounting
    • Procurement
    • Budget
    • Accounts Receivable
    • Accounts Payable