How to Record DARPA Milestone Revenue
Recognizing revenue upon the successful completion and acceptance of a technical milestone under a DARPA contract.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Accounts Receivable - DARPA | Asset | 250,000.00 | - |
| Milestone Revenue - DARPA | Revenue | - | 250,000.00 |
💡 Accountant's Note
Revenue is recognized when the milestone objective is met and formal government acceptance is received, regardless of the underlying cost.
Practitioner & Systems Framework
💻 ERP Architecture
Update the billing schedule in the ERP once the milestone status is set to 'Accepted'.
⚠️ Audit Flags
Revenue recognition prior to formal written acceptance from the DARPA program manager.
📄 Required Documentation
Signed DARPA Milestone Achievement Report and DD250 if applicable.
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Discussion & Community Questions
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