Non-Profit
Government Cost-Reimbursement Billing
Recognizing revenue after spending money on a government-funded project that pays on a reimbursement basis.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Grant Receivable (Government) | Asset (+) | 12,000.00 | - |
| Grant Revenue (Earned) | Revenue (+) | - | 1,200.00 |
💡 Accountant's Note
Many government grants are not paid upfront. You spend your own cash first (Expense), then this entry recognizes the revenue and the receivable from the government for that exact amount.
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