How to Book Private Share Transfer Fees
Accounting for administrative fees charged when facilitating the transfer of ownership in private companies or SPVs.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Client Ledger Account | Debit | 750.00 | - |
| Transaction Processing Income | Credit | - | 750.00 |
💡 Accountant's Note
Revenue is booked upon the execution of the stock transfer form and update of the register of members.
Practitioner & Systems Framework
💻 ERP Architecture
Assign to 'Corporate Secretarial Services' revenue category.
⚠️ Audit Flags
High volume of transfers without corresponding AML/KYC refresh documentation.
📄 Required Documentation
Stock Transfer Form and updated Share Register.
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Discussion & Community Questions
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