424 - Overview of Simplified Financial Recordkeeping System

Editor’s note: The following tab has been updated to reflect provisions within the 2024 revisions to the uniform guidance (2 C.F.R. Part 200), which is effective for awards issued on or after Oct.1, 2024. Subscribers seeking analysis on awards received prior to that date that follow the 2020 version of the uniform guidance should refer to this section within the attached PDF here. This section describes a simplified recordkeeping system for federal award recipients to account for their financial activity. The system records the day-to-day financial activity on a cash basis. It also recognizes that periodic financial reports may be distorted if unpaid bills or uncollected… Read More

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424 - Overview of Simplified Financial Recordkeeping System

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