How to Record STTR Phase I Research Revenue
Record revenue earned under a Small Business Technology Transfer (STTR) Phase I research grant or contract.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Accounts Receivable - Federal Grants | Debit | 50,000.00 | - |
| Federal Grant Revenue - STTR | Credit | - | 50,000.00 |
💡 Accountant's Note
Revenue is recognized as research milestones are met or costs are incurred, depending on the specific terms of the STTR award.
Practitioner & Systems Framework
💻 ERP Architecture
Set up a unique project code for each STTR phase to isolate costs and revenue.
⚠️ Audit Flags
Grant closeout audits and verification of research partnership with the research institution.
📄 Required Documentation
Award letter, research milestone approvals, and sub-award agreements with the research institution.
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Discussion & Community Questions
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