How to Record Small Business Plan Costs
Recording costs associated with the creation and management of Small Business Subcontracting Plans (FAR 19.7).
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| G&A - Procurement Compliance | Expense | 1,800.00 | - |
| Accrued Payroll | Liability | - | 1,800.00 |
💡 Accountant's Note
Administrative labor for monitoring and reporting small business participation (e.g., ISR/SSR reports) is an allowable indirect cost.
Practitioner & Systems Framework
💻 ERP Architecture
Track labor hours via a secondary 'compliance' labor category in the timekeeping system.
⚠️ Audit Flags
Discrepancies between reported subcontracting levels in eSRS and internal accounting records.
📄 Required Documentation
Individual Subcontract Reports (ISR) and Summary Subcontract Reports (SSR).
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Discussion & Community Questions
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