SaaS
Software Research Phase (Expensing)
Recording costs for the initial research phase of a new software feature.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Research & Development Expense | Expense (+) | 5,000.00 | - |
| Cash / Salaries Payable | Mixed | - | 5,000.00 |
💡 Accountant's Note
Under IFRS/IAS 38, costs in the 'Research' phase can never be capitalized. They must be expensed immediately until the project reaches 'Technical Feasibility'.
Professional Excel Template
Get the automated version of this entry. Includes built-in IFRS checks, VAT calculators, and SAP-ready upload formats.
QA
Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.