CBJ Annual Supervision Fee
Recording the annual supervisory fee charged by the Central Bank of Jordan.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| CBJ Supervision Fee Expense | Expense (+) | 150,000.00 | - |
| Cash / CBJ Settlement Account | Asset (−) | - | 150,000.00 |
💡 Accountant's Note
CBJ charges licensed banks an annual supervision fee calculated as a percentage of assets or a fixed amount. It is a regulatory cost of doing business as a licensed bank in Jordan. The fee is expensed in the period it is charged.
Practitioner & Systems Framework
💻 ERP Architecture
The CBJ supervision fee is a relatively straightforward operating expense. It is paid by debiting the bank's CBJ current account. The fee invoice from CBJ is the basis for the journal entry. Some banks accrue this monthly if the annual amount is material.
⚠️ Audit Flags
Auditors verify the fee matches the CBJ's published supervision fee schedule for the bank's asset size tier. Late payment penalties (if applicable) are expensed separately and are non-deductible for income tax purposes.
📄 Required Documentation
CBJ fee invoice, CBJ settlement account debit confirmation, fee schedule reference, and reconciliation to prior year fee (for reasonableness check).
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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.