How to Record GFE Inter-Contract Transfer Labor
Accounting for the labor time spent coordinating the physical and administrative transfer of Government Furnished Equipment between two contracts.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Indirect Labor - Government Property Mgmt | Debit | 850.00 | - |
| Accrued Payroll | Credit | - | 850.00 |
💡 Accountant's Note
Records internal labor used to process transfer documentation (DD1149) and move GFE when it is not a direct charge to one specific contract.
Practitioner & Systems Framework
💻 ERP Architecture
Use a specific indirect labor task code for Government Property Management (GPM).
⚠️ Audit Flags
DCAA property audit checking if transfer labor was charged directly when it should have been indirect.
📄 Required Documentation
Timesheets with GPM task codes and signed DD1149 or equivalent transfer documents.
Automate this entry with the JEH Accounting Suite
Stop doing manual entry. Our VBA-powered ERP automatically generates your ledgers, Trial Balance, and Financial Statements.
No Subscriptions. Own your data.
Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.
Related Journal Entries
Defense, Aerospace & Government Contracting
Cost-Plus-Fixed-Fee (CPFF) Contract — Revenue Recognition as Costs Are Incurred
Defense, Aerospace & Government Contracting
Firm Fixed-Price (FFP) Contract — Cost-to-Cost Percentage of Completion Revenue
Defense, Aerospace & Government Contracting
Time & Materials (T&M) Contract — Revenue at Contractual Labor Rates Plus Material Cost
Discussion & Community Questions
Loading comments...