How to Record SBIR Research Subcontracts
Records the recognition of research expenses performed by a subcontractor under an SBIR Phase II contract.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Direct SBIR Project Costs | Debit | 25,000.00 | - |
| Accrued Subcontractor Liabilities | Credit | - | 25,000.00 |
💡 Accountant's Note
SBIR Phase II programs often require specific research tasks to be outsourced. These are recorded as direct costs to the government project.
Practitioner & Systems Framework
💻 ERP Architecture
Link subcontractor invoice to the specific SBIR project code.
⚠️ Audit Flags
Compliance with the percentage of work performed by the small business concern.
📄 Required Documentation
Subcontractor technical report and validated invoice.
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Discussion & Community Questions
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