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Queen's University
 

Revenue and Cost Recoveries

Internal Transactions

An internal transaction has NO cash implications for Queen’s, (i.e. no cash is deposited, and no accounts receivable or accounts payable is recorded).  Usually a journal entry is required.

Internal Sales

Only ancillary operations (fund 20000) should record internal sales.

The sale of a good or service from an Ancillary Operation to a Queen’s University department or unit where the price of the good or service includes a “mark-up” which provides for a recovery of other indirect costs incurred.  There is no net impact on the cash flows or net income of the university.

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Internal Cost Recovery

Internal cost recovery is when one Queen’s University department or unit recovers expenses from another Queen’s University department or unit.  There is no net impact on the cash flows or net income of the University.

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Revenue Transfer

Revenue transfers are transactions that reallocate funds from one unit within Queen’s to another unit within Queen’s.  Similar to internal sales or internal cost recoveries, there is no net impact on the cash flows or net income of the university.

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Internal Sales - Detailed Information with Examples (287 KB)

Internal Cost Recovery - Detailed Information with Examples (365 KB)

Revenue Transfer - Detailed Information with Examples (266 KB)

 

Kingston, Ontario, Canada. K7L 3N6. 613.533.2000