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Hi everyone,
I'm trying to figure out some of the accounting procedures required for a government contract that includes cost-share (matching funds). I haven't been able to find concrete guidance on the accounting procedures for this. Can anyone tell me what is required to recognize cost-share amounts? Is a GL account required, and if so, what type of account is it?
Thank you!
I'm trying to figure out some of the accounting procedures required for a government contract that includes cost-share (matching funds). I haven't been able to find concrete guidance on the accounting procedures for this. Can anyone tell me what is required to recognize cost-share amounts? Is a GL account required, and if so, what type of account is it?
Thank you!