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

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

From Korea with Gratitude

When Dan Lee stepped off the plane in California back in 1990, the 20-year-old South Korean émigré was seeking the American dream. After earning an advanced degree in economics, he accepted a job offer at PSU, believing the small-town New England setting would be a good place to raise his young family. As an associate […]

Example Image

From Ew! to Awe

Seeing rats in a whole new light » They’ve taken the rap for the spread of the Bubonic Plague in Medieval Europe. Their name is synonymous with scoundrel, traitor, and snitch. And then there are their tails: long and skinny, pink and seemingly hairless. They’re rats, and they’re probably the last animals you’d think would […]