How to Record NASA Space Act Costs
Accounting for direct costs associated with a Space Act Agreement (SAA) where costs are reimbursed or shared with NASA.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| NASA Project Costs - Direct | Asset | 50,000.00 | - |
| Accounts Payable | Liability | - | 50,000.00 |
💡 Accountant's Note
Direct costs incurred under an SAA must be segregated to ensure proper tracking for milestone billing or cost-sharing credits.
Practitioner & Systems Framework
💻 ERP Architecture
Set up unique project codes in the Project Accounting module linked to the NASA SAA number.
⚠️ Audit Flags
Allocation of overhead to non-reimbursable SAAs; consistency with cost accounting standards.
📄 Required Documentation
Space Act Agreement contract, project labor reports, and vendor invoices.
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Discussion & Community Questions
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