Professional Services
Sale of Intellectual Property / Report Licence
Selling a licence to use a proprietary methodology, benchmark study, or research report to multiple clients.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash / Accounts Receivable | Asset (+) | 5,000.00 | - |
| IP Licence Revenue | Revenue (+) | - | 5,000.00 |
💡 Accountant's Note
When the firm licences its own IP (databases, proprietary models, published research) to a client for use over a defined period, revenue is recognized at a point in time (for access licences) or over time (for usage-based licences). This is separate from the royalty income entry for third-party IP.
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