Healthcare
Concierge Medicine Membership Fees
Recording an annual fee paid by a patient for priority access to a doctor.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash | Asset (+) | 1,200.00 | - |
| Deferred Membership Revenue | Liability (+) | - | 1,200.00 |
💡 Accountant's Note
Common in modern clinics. Since the service is provided over a year, the fee is a liability (unearned) and recognized at $100 per month.
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