Frequently Asked Questions
The purpose of an encumbrance review is to identify awards with large encumbrances and notify PIs / department admins and OVPR that invoices on hand should be submitted for processing in accordance with the Year‐End Closeout Schedule; or, ii) help identify where vendors and sub‐recipients may be behind in submission of invoicing to allow PIs and department administrators to make the necessary phone calls.
Encumbrances are analyzed and review notifications (emails) are forwarded by GCAS on a quarterly basis.
Encumbrance analysis should be completed by the PI/department administrator at the close of each month to determine if any invoices on hand should be submitted to University Payables for processing.
Inquiries to sub‐recipients or vendors should take place upon receipt of goods/services rendered or if invoices are not received per the terms of the award which generally states,
‘Invoices shall be submitted no more frequently than monthly, nor less frequently than quarterly and shall be submitted within 30 days of the end of the period covered by the invoice’.
The fiscal year is not a concern if your sub‐recipient and vendors are current with their invoices through the current period.
Once the GWs final invoice is submitted to the sponsor and paid, it is very difficult to get reimbursed for additional costs that come through as either further payments to sub‐recipients or other expenditures. It is critical that all project related encumbrances are paid before the final reports are submitted. Further, any open encumbrances that will not be paid must be liquidated in Procurement.
The university financial statements must reflect accurately the financial status of the University. If your sub‐recipients and vendors are behind in invoicing, where invoices will not be received and submitted to AP by July 31st, and you are aware of services provided, you must estimate the cost of the services and submit a schedule by sponsored project to GCAS by emailing [email protected] or [email protected].
- Chart of Accounts Interactive Guide
- Closing Schedule
- Finance Division
- GW Annual Reports, Financial Statements, & Single Audits
- GW GCAS Staff Directory
- GW Sponsored Projects Handbook (PDF)
- Key Reports for Financial Management
- Office of Sponsored Projects
- Office of Vice President for Research
- Uniform Guidance Website