Sponsored Research Accounting Image

Sponsored Accounting provides services to ensure fulfillment of funding, posting, and reporting actions in compliance with contracts for all MIT sponsored research and other external collaborations.

Billing and Collection:

  • Submit timely, accurate bills to sponsors
  • Verify posting in the SAP financial system
  • Ensure payments are received and allocated correctly

Financial Reporting:

Reporting is in compliance with contract specifications and includes all reports mandated by Federal sponsors.

Audit and Closeout:

Review of sponsored accounts is completed within 90 days of the expiration of each award. The audit and closeout process for Federal and Non-Federal awards is driven by Federal reporting requirements. This ensures compliance and effective award management.