Education
Research Grant — Indirect Cost Recovery (Overhead)
Recovering a negotiated overhead percentage on a research grant.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Grant Receivable (Indirect Cost) | Asset (+) | 15,000.00 | - |
| Indirect Cost Recovery Revenue | Revenue (+) | - | 15,000.00 |
💡 Accountant's Note
Institutions negotiate Facilities & Administrative (F&A) rates with grant agencies. This overhead recovery offsets the real cost of housing and supporting research activities.
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