New Guidance for NIH Subaccounts

In 2014 NIH announced they would transition the manner in which payments are made for awards. For NIH domestic awards, payments have previously been requested and received using pooled accounts in the Payment Management System (PMS), which is the centralized grants payment and cash management system operated by the Division of Payment Management (DPM) under the Department of Health and Human Services.

Under the new subaccount method, requests for payments will be required based on actual expenses incurred on an award-by-award basis. As of October 1, 2015, NIH will utilize only subaccounts for awarding grant funds. The transition is expected to be completed by September 30, 2016.

Please go to the NIH subaccounts page for full details.