Cost Transfer Questions

1)  What is a Cost Transfer?

A cost transfer is an accounting entry to reclassify an incurred expense from one driver work tag (i.e., grant, program or gift) or spend category to another. Cost transfers may be necessary to (a) distribute clearing account expenses; (b) correct salary distribution estimates; or (c) correct any errors, including clerical, bookkeeping, or data entry errors. View Cost Transfer Policy. View the Cost Transfer procedures.