High results in happens that institutions require the separation of the value of the cost subject to co-financing. The first method is use more often because it is more clear and reflects the expenses submit in payment applications. Only after adding up the eligible costs of a given period can they be multi. By the appropriate percentage of funding and obtain the amount of the subsidy due. Separate project records can be kept in various ways. Introducing analytical accounts where only operations for a given project will be post. Introducing registers in which only design documents are enter. Entering off-balance sheet accounts corresponding to project operations.
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Introducing tags to accounts that are not visible. On the chart of accounts, but allow you to create project statements, Combining the above methods. The Photo Retouching choice of the appropriate method is most often determine by the capabilities of the accounting system. It is important that keeping separate accounting for the project does not violate the. Accounting Act and allows for simple reporting of project events and correct tax calculation. When keeping records of eligible and non-qualifie expenses. They should be distinguish from each other. So that it is possible to report eligible and non-qualifie expenses separately and all together.
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It is best to use a separate tag/account/record for them, but relate to the same project. Please remember that if the institution does not recognize an expense as eligible, then this expense should be reclassifie as non-eligible expenses. A separate marking BOL Data should also be use to distinguish revenues generate in connection with the implementation of the subsidy and expenses incur in connection with the implementation of the project but not disclose in the application for funding. When it comes to separating revenues, it is also separating the funds actually receive – this is the tax aspect of subsidy revenues.