How to Record CBI Advisory Fees
Recording fee income derived from advising high-net-worth clients on Citizenship by Investment (CBI) programs.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Fees Receivable | Asset | 15,000.00 | - |
| CBI Advisory Revenue | Revenue | - | 15,000.00 |
💡 Accountant's Note
Recognize revenue when the advisory service for citizenship application is provided and the fee is billable per the engagement letter.
Practitioner & Systems Framework
💻 ERP Architecture
Use the project billing module to track milestones for each client application.
⚠️ Audit Flags
High variability in fee structure per jurisdiction and success-based fee components.
📄 Required Documentation
Engagement letter, jurisdiction application receipt, and client invoice.
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Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.
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Discussion & Community Questions
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