Hospitality
Base Management Fee Accrual
Recording the monthly fee paid to the hotel management company (usually % of Total Revenue).
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Management Fees: Base | Expense (+) | 3,000.00 | - |
| Due to Management Company | Liability (+) | - | 3,000.00 |
💡 Accountant's Note
Management companies typically charge 2-4% of Total Revenue as a base fee to run the hotel on behalf of the owner.
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