Education
Educational Accreditation & Membership Fees
Recording the annual cost of maintaining school accreditation (e.g., IB or Regional Board).
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Professional Dues & Accreditation | Expense (+) | 5,000.00 | - |
| Cash / Bank | Asset (-) | - | 5,000.00 |
💡 Accountant's Note
Accreditation is a vital 'cost of doing business' for schools. These fees are usually expensed in the month they are paid.
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