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Office of the Provost

University Policies

Policy Detail

Internal Charges

Policy Number: FINA 2.06
Section: Administration and Finance
Title: Internal Charges
Date (Original): 08/30/2024
Date (Date of Draft version): 08/30/2024
Policy For: USC System
Procedures For: USC System
Authorized By: Executive Vice President for Administration and Finance and Chief Financial Officer
Issued By: University Finance - Controller's Office

Policy Description and/or Reason for Revision:

Updated to standard template. Under Purpose: • Provides a broader overview of the policy's function. Under Definitions: • Defines "Contra Expense" and "Internal Charge." Under Policy Statement: • Clarifies that the department providing goods/services initiates the charge. • Explains the use of JEs instead of paper forms. • Details the offsetting account codes used in JEs. • Specifies documentation requirements for JEs. Under Procedures: • Refers users to the Controller's Office webpage for guidance.

Deadline for Comments: 09/16/2024
Comment Contact Name: Kelly Epting
Comment Email: eptingk@mailbox.sc.edu

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