How to Record Mentor-Protege Program Costs
Recording expenses incurred under an approved DOD Mentor-Protege agreement to provide technical or developmental assistance.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Mentor-Protege Developmental Costs | Debit | 15,000.00 | - |
| Cash or Accrued Payroll | Credit | - | 15,000.00 |
💡 Accountant's Note
Costs incurred by a mentor firm for providing assistance to a protege firm under a formal agreement are captured here for tracking and potential reimbursement or credit toward small business goals.
Practitioner & Systems Framework
💻 ERP Architecture
Set up a specific project code or work breakdown structure (WBS) to segregate these costs from standard G&A.
⚠️ Audit Flags
Verification of the formal DOD Mentor-Protege agreement approval letter and alignment with FAR 31.205-1.
📄 Required Documentation
Mentorship agreement, labor timecards specifically coded to the protege assistance, and expense receipts.
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Discussion & Community Questions
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