How to Record Liquidity Planning Fees
Accounting for advisory fees related to pre-IPO or business sale preparation for private clients.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Accounts Receivable | Debit | 30,000.00 | - |
| Strategic Planning Income | Credit | - | 30,000.00 |
💡 Accountant's Note
Records fees for specialized wealth planning services ahead of a major liquidity event.
Practitioner & Systems Framework
💻 ERP Architecture
Classify under 'Professional Services' in the general ledger for tax reporting.
⚠️ Audit Flags
Fee amounts that are contingent on the success of the liquidity event (IFRS 15 considerations).
📄 Required Documentation
Advisory mandate and summary of planning deliverables provided.
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Discussion & Community Questions
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