Professional Services
Client Advance / Mobilization Deposit Received
Recording an upfront cash deposit from a new client before any services are delivered.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash / Bank | Asset (+) | 10,000.00 | - |
| Advance from Client (Unearned Revenue) | Liability (+) | - | 10,000.00 |
💡 Accountant's Note
Until services are delivered, the advance is a contract liability. Revenue is recognized only as work is performed. If the engagement is cancelled before services begin, the deposit is refundable (unless the contract specifies otherwise).
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