Banking
Investment Management / Advisory Fee
Earning a quarterly management fee on assets under management (AUM).
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Customer Account / Receivable | Asset/Liability (-) | - | 5,000.00 |
| Investment Management Fee Income | Revenue (+) | - | 5,000.00 |
💡 Accountant's Note
AUM-based fees are recognized over the quarter as investment management services are provided. Performance fees are only recognized when the performance hurdle is definitively achieved.
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