Financial Services

Financial Services

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Revenue Transfers

Revenue Transfer Flow Chart

Revenue Transfers are transactions that reallocate funds from one unit within Queen's to another unit within Queen's.  Similar to Internal Revenues or Internal Cost Recoveries, there is no net impact on the cash flows or income of the university.

Examples include research startup or funds provided in support of an identified program or project.

Revenue Transfer Account to Use

​Use Account 480001 to record Revenue Transfers.  This account must be used for both sides of the Journal Entry.

​This account should NOT be used if funds are being transferred to an entity outside of Queen's or to an Agency Fund. (a 9XXXX Fund)

Example

​Revenue is allocated from Operating Fund 10000 Department 11540 to Fund 10000 Department 11600 Program 45001 to support a staff appreciation day in that department.

Revenue Transfer Debit Credit Example