We post receivables as we invoice. For projects under letter of credits
there is such a short turn around between the request and receiving the
funds that we do not post these as a receivable.

>This is a question for the post award people:
>
>Currently, a receivable is recorded in the amount a project has been
>awarded at the beginning of the project year.  An administrator is
>questioning this practice because of the large receivable amount
>shown on our yearly financial statements.
>
>What is the practice of the other institutions out there regarding
>receivables?  Any help would be appreciated.
>