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Financial Statements also called "Forms Cs" are the forms with which each beneficiary reports his costs.

Form Cs are part of the WEB payment tool. The forms are adapted to take into account information such as the Indirect Cost Model (ICM) adopted by the beneficiary, the type of legal entity (which gives right to different reimbursement rates) and the funding schemes. This information is automatically uploaded in the WEB Payment Tool and cannot be modified.

Financial Statements constitute a part of the Periodic Report: they are a necessary but not sufficient condition for the submission of a payment request to the Commission.

Handy Hint

The WEB Tool performs controls and automatic calculations which will eliminate most clerical errors in the editing of Financial Statements.







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