SaaS
R&D Tax Credit Received
Recording a government R&D tax incentive or credit for qualifying development expenditure.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash / Tax Receivable | Asset (+) | 30,000.00 | - |
| Income Tax Expense (Reduction) | Expense (-) | - | 30,000.00 |
💡 Accountant's Note
R&D tax credits reduce the effective tax burden for SaaS companies with qualifying development spend. They are recognized when there is reasonable assurance the credit will be received.
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