Non-Profit
Conditional Grant (Refundable Advance)
Recording a grant that has a 'barrier' or condition that must be met before revenue can be recognized.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash | Asset (+) | 20,000.00 | - |
| Refundable Advance (Grant) | Liability (+) | - | 20,000.00 |
💡 Accountant's Note
If a grant says 'You only keep this if you vaccinate 1,000 children,' the money is a liability (Refundable Advance) until the work is done.
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