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

Giving Back Is Its Own Reward

Servant Leadership: The Key to Business and Success » By most measures, Colin Graham ’01 is a success. But giving back to his alma mater, including the endowment of a university scholarship, provides an opportunity to display the type of leadership that defines him best. Graham counts success as finding whatever feeds one’s heart and […]

Example Image

Round the Track

It’s been a long 30 years for supporters of Plymouth State’s track and field program, but the wait is finally over. For the first time since 1985, PSU’s track team hosted a meet December 12 at the new ALLWell North facility, which features an NCAA regulation 200-meter track, long- and high-jump pits, pole vault, and a weight area. For […]

Example Image

Honoring the Past with a Gift for the Future

Together, Kappa brothers celebrate the good times and help each other in times of need. “The friendships with Brothers of Kappa have stayed with me and so many others for all these years,” says Dana Nelson ’69, one of the fraternity’s founding brothers. “This relationship will stay with us the rest of our lives.” To […]