How to Record IR&D Transfer to G&A
Records the transfer of allowable Independent Research and Development (IR&D) costs into the G&A pool for allocation.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| G&A Pool - Allowable IR&D Costs | Asset | 15,000.00 | - |
| IR&D Project Clearing Account | Expense | - | 15,000.00 |
💡 Accountant's Note
In accordance with FAR 31.205-18, allowable IR&D costs are typically collected in a project account and then transferred to the G&A pool to be allocated across all contracts.
Practitioner & Systems Framework
💻 ERP Architecture
Use a secondary cost element in SAP or a project-to-pool transfer in Deltek Costpoint.
⚠️ Audit Flags
Verification that IR&D projects do not have a specific requirement under a sponsored grant or contract.
📄 Required Documentation
Project technical description and monthly labor distribution reports.
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Discussion & Community Questions
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