How to Record Private Office Space Fees
Accounting for charges applied to Ultra-High Net Worth clients for the use of dedicated, secure office facilities within the private bank's premises.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Client Current Account | Debit | 12,000.00 | - |
| Ancillary Real Estate Revenue | Credit | - | 12,000.00 |
💡 Accountant's Note
Monthly or quarterly fees for the rental of secure 'war rooms' or family office suites are debited from the client's account and credited to ancillary revenue.
Practitioner & Systems Framework
💻 ERP Architecture
Categorize as non-interest income under physical infrastructure or facilities management.
⚠️ Audit Flags
Rental rates significantly above or below market value; non-standard lease durations for banking facilities.
📄 Required Documentation
Space usage agreement, security access logs, and billing invoice.
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