govbooks_web_transparent.png
 

IR&D Pool

Knowledge Base | Support Portal | Help Desk | Account Assignment

The IR&D Pool is where you capture your internal research and development costs. IR&D is a sub-pool of the G&A Pool and is automatically set up in the Account Assignment screen where you associate the appropriate general ledger accounts. In the Account Assignment screen, if you associate IR&D Labor as part of the base for an Overhead Pool, the IR&D Pool will adopt the overhead structure to which it is assigned. So, if the Overhead Pool follows a two-tier structure allocation method, for instance, the overhead expense allocated to the IR&D pool will follow the two-tier method automatically.

The Account Assignment screen has two columns, one for IR&D Pool Labor and another for IR&D Pool Non-Labor. It is important to assign the appropriate general ledger accounts that are imported from Quickbooks.

lead generator