How to Record SCF Supplier Onboarding Fee
Accounting for the one-time costs associated with integrating a new supplier into a Supply Chain Finance platform.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| SCF Platform Operations Expense | Debit | 500.00 | - |
| Cash at Bank | Credit | - | 500.00 |
💡 Accountant's Note
Companies often incur setup or onboarding fees when adding suppliers to their SCF programs to cover administrative and KYC costs.
Practitioner & Systems Framework
💻 ERP Architecture
Categorize under administrative expenses or IT operations.
⚠️ Audit Flags
Large volume of onboarding fees without a corresponding increase in SCF utilization.
📄 Required Documentation
Service level agreement with the SCF provider and onboarding invoice.
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Discussion & Community Questions
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