EU FUNDING OPPORTUNITIES AND PROJECT MANAGEMENT TIPS

GUIDELINES TO FINANCIAL REPORTING for Coordinators and Beneficiaries of the COSME Grant Agreements (2014-2020)

Tips:

Funding is based on cost-sharing grant agreements. This means that for each project, the EASME contributes up to a certain percentage of the total eligible costs incurred by the beneficiaries for the implementation of the action.

The direct costs are identifiable as specific costs directly linked to performance of the action and belong exclusively to the cost categories defined below in the heading "Eligible Direct Costs".
The indirect costs incurred in carrying out an action are eligible, if they are declared on the basis of the flat rate of 7% of the eligible direct costs of the GA, from which financial support to Third Parties is excluded. The indirect costs do not need to be supported by accounting documents.