How to Record Portfolio Optimization Fees
Recording fees charged to clients for one-time sophisticated portfolio re-structuring or optimization modeling.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Accounts Receivable - Private Banking | Debit | 12,000.00 | - |
| Advisory Service Revenue | Credit | - | 12,000.00 |
💡 Accountant's Note
Revenue is recognized when the optimization model is delivered and the service obligation is satisfied.
Practitioner & Systems Framework
💻 ERP Architecture
Map to professional services project module for tracking time and effort.
⚠️ Audit Flags
Large advisory fees without a signed engagement letter for non-discretionary services.
📄 Required Documentation
Optimization report and signed client fee agreement.
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Discussion & Community Questions
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