Financial Reporting

Accounting Adjustment/Reallocations

The accounting adjustment process allows corrections to be made to actual expenses.  Accounting adjustments are different than budget transfers—they are executed after an expense has been charged to a particular ledger account. The amount of the adjustment should be the actual amount of the original transaction. Adjustments are also used for internal departmental chargebacks when a services is provided to another department. 

Accounting Adjustment / Reallocation Form

To amend budget, see Budget Amendment Form.