How to Record STTR Program Revenue
Recognizes revenue for milestones completed under a Small Business Technology Transfer (STTR) contract.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Accounts Receivable - STTR Program | Asset | 125,000.00 | - |
| STTR Grant Revenue | Revenue | - | 125,000.00 |
💡 Accountant's Note
STTR revenue is recognized upon the achievement of specific technical milestones or cost incurrence, depending on the contract structure with the awarding agency (e.g., DOD, NASA).
Practitioner & Systems Framework
💻 ERP Architecture
Set up as a specific project type to track the required percentage of work performed by the research institution.
⚠️ Audit Flags
Revenue recognition prior to formal milestone approval from the research institution partner.
📄 Required Documentation
Milestone approval letter and sub-awardee cost reports from the partner university.
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Related Journal Entries
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Discussion & Community Questions
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