How to book risk survey fee revenue
Accounting for revenue earned by an MGA for performing specialized risk assessment surveys for carriers.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Accounts Receivable - Carrier | Asset | 1,200.00 | - |
| Risk Engineering Revenue | Revenue | - | 1,200.00 |
💡 Accountant's Note
MGAs often provide risk engineering services. This entry recognizes the fee earned from the carrier for performing these technical inspections.
Practitioner & Systems Framework
💻 ERP Architecture
Typically billed via bordereau or a separate professional services invoice.
⚠️ Audit Flags
Large variances between inspection volume and recognized revenue.
📄 Required Documentation
Completed risk survey report and the service fee schedule defined in the MGA agreement.
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Discussion & Community Questions
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