Parameter not specified
–
Hello,
I am currently facing a problem to account for a grant of 3000 euros allocated in 2020 by a private foundation for an investment project carried out in 2020
How should it be counted?
Thanking you in advance
—–
—
–
Rdactriceet modratrice Compta Online
—
Re: Funds for an investment project: accounting treatment
Write the: 11/03/2021 10:19
Hello Saida68,
The funds committed do not appear in the accounts until the end of the financial year, when the funds have not been fully used and the project is not completed.
If the subsidy was granted for a specific project which was carried out during the year 2020, it is either a subsidy (sometimes a provision of services if there is a counterpart for the funder) .
If it is an investment project, we are in principle in the presence of an investment subsidy.
It is therefore entered in account 13. At the end of the financial year, a portion will be transferred to the income statement, up to the depreciation applied.
You can find more information in this article:
Accounting for grants in associations
Good luck for the future,
Sandra
–
Editor and moderator of Compta Online
—–
—