How to Record AFOSR Grant Expenditures
Records the direct expenditure of funds received from an Air Force Office of Scientific Research (AFOSR) grant for basic research.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Research & Development - AFOSR Direct | Expense | 12,000.00 | - |
| Accrued Liabilities / Cash | Liability/Asset | - | 12,000.00 |
💡 Accountant's Note
AFOSR grants fund high-level research. These expenditures must be tracked separately from commercial IR&D to ensure compliance with the grant terms and avoid double-dipping.
Practitioner & Systems Framework
💻 ERP Architecture
Set up a unique project code for each grant to capture labor, materials, and travel specifically for AFOSR.
⚠️ Audit Flags
Commingling of grant-funded research costs with commercial R&D projects.
📄 Required Documentation
Grant award document, technical progress reports, and expense receipts.
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