Insurance
External Investment Management Fee Paid
Paying the quarterly fee to an external fund manager for managing the bond portfolio.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Investment Management Expense | Expense (+) | 15,000.00 | - |
| Cash / Accounts Payable (Fund Manager) | Asset/Liability (-) | - | 15,000.00 |
💡 Accountant's Note
Investment management fees are an investment-related operating expense. They are netted against investment income in financial reporting to show the net investment return.
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