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

The Best Job Perk Ever

 An Interview with Donald Hall ■ Diane Jeffrey ’97, Director of the Silver Center for the Arts When I tell people that I am director of PSU’s Silver Center for the Arts, they often say “That sounds like fun!” Not only do I confirm their suspicions, I often tell them about the fascinating people I […]

Example Image

¡Bienvenidos a Cuba!

PSU professor and her students discover the challenges and joys of visiting Cuba » Political science professor Filiz Otucu Ruhm always dreamed of going to Cuba. In fact, she planned on visiting the island more than a decade ago. “The social scientist in me wanted to observe Castro’s Cuba, then go back after Castro, and […]

Example Image

That She May Serve

Elizabeth Morrissette ’18 selected as New Hampshire’s Miss University 2015 Elizabeth Morrissette ’18 stood on the stage at her first Miss New Hampshire pageant, trying to keep her knees from knocking. “I was definitely nervous—I’d only had a week to prepare and I wasn’t really sure what to expect—but at the same time I felt […]