Professional Services
Internal Research & Thought Leadership Cost
Recording the internal cost of producing proprietary research, whitepapers, and market reports used for business development.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Research & Thought Leadership Expense | Expense (+) | 6,500.00 | - |
| Staff Wages Payable / Cash | Asset/Liability (−) | - | 6,500.00 |
💡 Accountant's Note
Internal research that is not commissioned by a specific client is a marketing and business development cost. Under IAS 38, research costs cannot be capitalized. Only development costs meeting six specific criteria may be capitalized as intangible assets.
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