Internal Transfers

This process allows student organizations to transfer money to other student organizations and MIT departments for specific expenses. Transfers may be used to pay a bill to another student organization, correct an accounting error when allocating expenses to a particular account , or when sharing revenues and/or expenses while collaborating with another student group. This process is facilitated by emailing a completed Internal Transfer Form to the Financial Assistant in the SOLE Office. Student organizations can only transfer funds into their main cost objects. Student organizations cannot transfer funds into funding cost objects, as those will reset at the end of the semester.