Non-Profit
Grant Milestone Billing — Invoice to Donor
Raising an invoice to a grant-making organization when a project milestone is achieved.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Grant Receivable (Milestone) | Asset (+) | 25,000.00 | - |
| Grant Revenue (Earned) | Revenue (+) | - | 25,000.00 |
💡 Accountant's Note
For milestone-based grants, revenue is recognized when the milestone is achieved and verified. The receivable is set up to track the amount due from the grantor.
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