First Identify if your department may need to investigate Cost Share Grant Lines that could have potential issues.
Run the R1300.5 report with a repeat by Grant using your Resource, Grant Hierarchy for Cost Share, and Cost Center Hierarchy. You may see this demonstration video on how to pull reports for your cost centers: CostShare.mp4
Ensure that Grant and Contract Accounting (GCA) has as accurate cost share addendum and that your cost share grant worktag has a related Project Worktag which will determine the account posting rules for applying cost share. Do this BEFORE making any accounting adjustment or shared environment reclass corrections.
Review your projects, funding source rules and funding source reclassification lines. A video on what this looks like is here (video may be recorded later for more clarity as we chose a particularly complicated cost share): Funding Source Rules.mp4
Common Cost Share Errors
Not updating GCA with a correct cost share addendum or a delay in GCA processing a new cost share addendum while the unit is expensing. Always start with this.
Accidentally leaving a project worktag on an allocation while transacting and correcting costing on payroll, procurement, or journal transactions. This is usually the result of a Driver Worktag Error. See Video Demonstration here there is also a quick check video demonstration here
Over Cost Sharing: Your Cost Share Addendum tells the project how much to “reclass”. If you tell it to reclass up to 200K but you charge 201K to the cost share line, it will only reclass up to 200K and leave the other 1K sitting as an expense on the cost share grant. Make sure you have not over cost shared. Here is a Demo Video