Information and support on how to manage the financial aspects of your research project.
Financial management for research projects
TheÌýPrincipal Investigator (PI)Ìýis responsibleÌýfor the financial management of a research project.
You can findÌýinformation aboutÌýthe financial management of research projects on the Award Services website.
Financial reporting
Find guidance on financial reporting and audit requirements below.
Spending money
°×С½ãÂÛ̳ Finance has useful information on their Spending Money page including processes and procedures, suppliers and self-employed persons, policies and forms and VAT.
VAT
°×С½ãÂÛ̳ Finance offer guidanceÌýto help you determine whether or not VAT should be charged on different types of income, how VAT will impact on expenditure related to different activities, and what reliefs are available.
- Introduction to VAT
- Advertising
- Land and Property
- Medical Equipment
- Medicinal substances
- Overseas Purchases
Request a budget virement
If yourÌýfunder allows budgets to be vired between awarded headings you can request this change with Award Services, providing you haveÌýenough budget available.
- Amendments to projects
- Request a budget virementÌý(see Stage 4 of Managing a project)
Getting additional finance
If you require additional funding for your project you can submit a request to your funder. Such requests should be costed and approved within Worktribe to demonstrate how the additional funds will be spent.
Find out moreÌýabout budget supplements, including how to create a budget supplement in Worktribe, on the Research and Innovation Services website.
- Initiate a budget supplement (see Stage 5 of Managing a project)
Foreign currency projects
Find exchange rate conversions for project budgets awarded in foreign currencies.
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