SaaS
Contractor / Freelancer Invoice
Recording a development or design invoice from an external contractor.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| R&D Expense — Contractor Fees | Expense (+) | 4,500.00 | - |
| Accounts Payable (Contractor) | Liability (+) | - | 4,500.00 |
💡 Accountant's Note
Contractor costs are expensed in the period the work is performed. If the work results in a qualifying software development deliverable meeting capitalization criteria, it may be capitalized instead.
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