Financial services during project completion

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Argentina	Universidad del ABC
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	Universidad del GHI
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How is the TYPO3 training structured? Here are the steps you need to follow in order to complete this training:

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Financial services during project completion

Funding organisations expect a financial report from the grant receiver at the end of a project; the format of the report depends on the funding guidelines. In some cases this means an annual audit from an accountant. However, some grant providers need only a financial report at the end of the project, with no requirement for an audit, and others ask for a report every year. The Project Control team will assist with financial reporting, but it is crucial that you maintain proper records of all project costs so you can provide them with all the information they need.

When the deadline of your project is approaching, Project Control will contact your project manager to collect:

All costs of the project – to be declared to administrators.
All invoices which should have been recorded.
All timesheets completed and authorised.
Scientific report completed (or a request is made in good time to the grant provider for an extension).

The project ends when the grant provider gives approval for the results, the financial statement, and when the last payment is received.

Some projects are audited by their funding organisations as much as five years after the end of the project. Grant providers can issue sanctions or reduce your subsidy if the archived information is insufficient or not according to the rules. This can mean you must pay back part of your grant, so it’s important to make sure you provide project controllers with a complete set of documents.

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Financial services during project completion

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