How to Record SBIR Phase II Matching Funds
Recording the receipt of matching funds from non-federal sources as required by certain SBIR Phase II programs.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash | Asset | 100,000.00 | - |
| Deferred Revenue - SBIR Match | Liability | - | 100,000.00 |
💡 Accountant's Note
Receipt of private matching funds is recorded as deferred revenue until the research milestones associated with those funds are achieved.
Practitioner & Systems Framework
💻 ERP Architecture
Use a separate funding source code in the GL for matching funds to ensure clear segregation for agency reporting.
⚠️ Audit Flags
Mixing matching funds with direct federal grant revenue in the same ledger account.
📄 Required Documentation
SBIR Matching Fund Agreement and bank confirmation of wire receipt.
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