How to Record STTR Phase II Research Revenue
Records revenue for Phase II of a Small Business Technology Transfer (STTR) contract upon achievement of technical milestones.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Accounts Receivable - Federal Government | Asset | 250,000.00 | - |
| Contract Revenue - STTR Phase II | Revenue | - | 250,000.00 |
💡 Accountant's Note
Revenue for STTR Phase II is recognized as work is performed or milestones are achieved, typically involving a research institution partner.
Practitioner & Systems Framework
💻 ERP Architecture
Revenue should be linked to the specific project ID assigned to the STTR award.
⚠️ Audit Flags
Verification of milestone completion by the funding agency and appropriate allocation to the research partner.
📄 Required Documentation
Milestone approval notification and signed DD250 or equivalent acceptance document.
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