GEOList Summary: Integrating GIFTS Online And Accounting System

Does anyone use GIFTS Online to electronically process a “grant” payment that electronically interfaces with their accounting system? If yes, any direction on the following questions would be greatly appreciated! -What controls do you use in gifts online and/or the accounting application to achieve a good control environment? -As part of that control environment, how and to what extent does the accounting team rely on the information entered and processed through gifts online? -Does the accounting team accept what is coming through gifts online or do they perform an independent verification? -How do you electronically monitor (from an accounting and grants management perspectives) that payments do not exceed the grant allowance without requiring going back to the contract? -How are adjustments handled so that there is an effective process between gifts online and the accounting application? How does the new grantee/vendor information from gifts end up in the accounting system in order to create a new vendor account. -How do you trigger the recognition of expenses in the accounting system: when do you recognize the entire commitment as an expense vs. just an invoiced amount? -Is there a budget code validation in gifts before the check request is generated and sent to the accounting system?