Transfers

Transfers vs. Internal Allocations

Transfer= the movement of monies from one fund to another fund.  Transfers are used for:

  • Goods or services reimbursement – transfers over $2500
  • Funding moves to plant funds
  • Debt principal/interest repayment
  • Funding for a project or request for general support
  • To cover a deficit fund balance

Transfers are journaled using the 81/8O series account codes

Only members of the Budget and Accounting Services Staff are allowed to process transfer entries

Internal Allocation= the movement of monies within one or more  funds or the apportioning out of specific expenses among different budget groups.

  • Internal allocations are journaled using the 76 series of account codes
  • Used in lieu of checks to pay another USNH school for goods or services provided
  • Generally done for transfers under $2500.  May be done as a transfer if over $2500
  • Reimbursement of internal services such as printing/copying, rental of space, cleaning, telecom, and ITS svcs.

Only members of the Budget and Accounting Services Staff are allowed to process internal allocation entries.

  When in doubt, contact the Budget and Accounting Services Office.

Featured in Plymouth Magazine

Example Image

Annual Fund Giving Challenge Inspires More Than 430 Donations in 48 Hours

On November 14 and 15, 2015, Plymouth State University hosted its first giving challenge, #PanthersGiveBack. Alumni couple Wally ’62 and Meredith (Bristow) Stevens ’62 made a generous gift and set the goal: If, in 2 days, 240 alumni stepped forward with an Annual Fund gift to any area of the University, the Stevenses would make a […]

Example Image

Student Spotlight: Mae Williams ’14G A Twenty-first-century Preservationist

When Mae Williams ’14G enrolled in the Master of Arts in Historic Preservation program in the fall of 2012, she was drawn to the strength of a program in which, she says, “The professors are not academics locked away amidst a pile of books, but are actually out in the field on a daily basis, […]