How to Record GFE Demobilization Costs
Records the costs associated with the removal, packaging, and return of Government Furnished Equipment (GFE) upon contract completion.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Contract Closeout Expense - Demobilization | Expense | 8,200.00 | - |
| Cash or Accounts Payable | Asset/Liability | - | 8,200.00 |
💡 Accountant's Note
Demobilization costs are typically allowable under FAR 31.2 if they are reasonable and necessary for returning government property at the end of a performance period.
Practitioner & Systems Framework
💻 ERP Architecture
Charge these costs to a specific demobilization task code within the contract project structure.
⚠️ Audit Flags
Demobilization costs incurred long after the contract performance period has ended.
📄 Required Documentation
Bill of lading for equipment return and labor records for disassembly and crating.
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Discussion & Community Questions
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