Do not forget about the Certificate on Financial Statements in your H2020 project!
Have you ever heard of the Certificate on Financial Statements (CFS)? If you are a H2020 grant beneficiary, you should definitely be familiar with it! What is the CFS? The Certificate on Financial Statement is an obligatory audit document for all projects
EC Audit in H2020 – how to survive?
Ready, steady, go – It´s EC audit time! All right, so this is a topic that nobody likes to think about. Some say it is like preparing for a PhD exam, others say it is like a difficult job interview. Any
The Financial Statement – and what is behind it
Cost justification (Financial Statement) is a crucial part of EU project management, generally performed by dedicated staff that know every detail of your grant’s applicable financial rules. To be honest, for investigators and technical staff this task is a huge headache.
Indirect costs in Horizon 2020.
Indirect costs, also called overheads, are general operating costs incurred within the project but not directly linked to the project tasks. Indirect costs contribute to the proper project implementation, but they are also indispensable to successfully run your business. Direct costs
Are you getting the “best value for money”?
One of the primary conditions for cost eligibility in Horizon 2020 is that your suppliers be chosen in compliance with the “best value for money” rule. What does it mean? To start, it does not necessarily mean the supplier with the cheapest
How to transfer costs – a quick guide.
You worked hard to prepare your successful proposal, including a lot of time on the budget to ensure the project is financially feasible. After six months without problems you suddenly discover that your external support in prototyping included as “other direct
EC audits – are they really as scary as they sound?
One word will make any businessperson break out in a cold sweat: audit. There are plenty of reasons why audits are considered one of the scariest things when running a business. If you decide to take on EU funding, prepare to
Subcontracting in the H2020 SME Instrument – Can subcontractors be changed?
Projects have a life of their own and things do not always go exactly as planned.Sometimes subcontractors may no longer be able to perform their tasks and have to drop out in the middle of the project.Life happens. The H2020 SME
What costs can be declared in Horizon 2020 projects?
Every project has its own particular needs and costs, but there are a few guidelines to determine if a cost is eligible. In general, eligible costs correspond to tasks agreed on in the Grant Agreement. All costs must be actually
Can I charge the cost of freelance work on H2020 projects?
Collaboration with freelancers is common practice. Chances are your company already uses freelance professionals for some task or another. Thus at the start of your Horizon 2020 project you may wonder whether these costs are eligible or not. First, some background Back