1. Understanding Personnel Costs: Your grant agreement has specific rules for calculating eligible personnel costs. Make sure to use the correct formulas (see Article 6.2.A in the Annotated Grant Agreement). You need a reliable time recording system in place. Use the Personnel Costs Wizard! The tool will support you in calculating your direct actual personnel costs. Learn more here.
2. Good record-keeping: Don't forget to keep accurate records (see Article 20) detailing all the costs, their calculation, and supporting documentation. Retaining this information will be invaluable in the event of staff changes and potential audits
3. Your own accounts: Watch out! Only costs recorded in your own accounts will be potentially eligible. This applies as well in case you have an Affiliated Entity which is also listed in the grant agreement.
Extra Resources at Your Fingertips: Get focused insights on calculating personnel costs here (p.24 ff)
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