Professional Services
Network / Franchise Management Fee Paid to Global Firm
Recording the monthly fee paid by a local professional services firm to its global network (e.g., Big Four affiliation, legal network).
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Network / Affiliation Fee Expense | Expense (+) | 5,500.00 | - |
| Accounts Payable (Global Network) | Liability (+) | - | 5,500.00 |
💡 Accountant's Note
Member firms of global professional networks pay affiliation fees (typically a percentage of revenue) for the right to use the brand, share methodologies, and access referrals. This is a recurring overhead expense.
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