Cost Recovery Reversal

Once an expense line item is paid in full (a credit to Reimbursement) a debit is entered in the Cost Recovery Payment account and a credit is added to the Cost Recovery Reversal. The credit in the Cost Recovery Reversal account is then available for distribution. The cost recovery account may be linked to both the agreement and the technology/patent.

Cost Recovery Allocation

Once the variance is generated for expenses-reimbursements, the user can choose which expense line items are to be covered using the cost recovery credit. Once that those expenses are chosen, they are related to the cost recovery reference number. These expenses are still able to be invoiced for reimbursement.