How to bill risk management consulting fees
Recognizing revenue for professional risk consulting services provided independently of insurance placement.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Accounts Receivable | Debit | 2,500.00 | - |
| Consulting Fee Revenue | Credit | - | 2,500.00 |
💡 Accountant's Note
Brokers often provide risk engineering or consulting services. This revenue is non-fiduciary and is recorded as a standard service receivable in the operating account.
Practitioner & Systems Framework
💻 ERP Architecture
Invoiced through the non-insurance billing module of the agency management system.
⚠️ Audit Flags
Revenue recognized without a signed service agreement; fees older than 90 days in AR.
📄 Required Documentation
Signed Consulting Service Agreement (CSA) and detailed time-activity logs.
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Discussion & Community Questions
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