There are various activities associated with closing out a sponsored project or award. There are usually reporting obligations to the sponsor, financial reconciliations, forms and reports for the institution, and account closeout tasks which must be completed.
This section gives a summary of closing an award and describes the process of disabling sponsored chart of account values.
See Tips and Tricks for Monthly Grant Reconciliation (login required)
See a March 16, 2015 presentation on "Uniform Guidance & the Grant Closeout Process" (login required)