SaaS
Investor Due Diligence & Legal Costs
Recording legal and accounting fees incurred during a fundraising process.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| G&A Expense — Legal / Advisory | Expense (+) | 15,000.00 | - |
| Cash / Accounts Payable | Asset/Liability (-) | - | 15,000.00 |
💡 Accountant's Note
Due diligence costs incurred before a successful raise are expensed as G&A. If directly attributable to a completed equity raise, they may be offset against the proceeds (deducted from APIC).
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