Grants: Demonstration Setting up grant funding when the project exists (starting from Contract)

Purpose: Demo and Information on setting up grant funding when the project already exists

Author: Rob Conner

Date: 5/5/2025

Version: 2.0

Part One:


Create Contract

  • Add contract line
  • Set up Billing Plan
  • Set up Amount Allocation
  • Set up Accounting Distribution
  • Set up Contract Terms (link to existing project)

Activate Contract

Check the Billing Plan and Revenue Plan have status “Ready”

Generate and populate the Award Profile


Part Two


Create and post a Budget Journal - create job aid under Grants

Create and post a journal to book expenses to GL

Run billing and related processes to create an Invoice

Review and approve the Billing Worksheet


Part Three


Enter Payment and Deposit using Payment Predictor

Run Payment Predictor

View Collections Workbench