Professional Services
Referral / Introducer Fee Paid
Paying a referral fee to a third party who introduced a new client to the firm.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Referral Fee Expense (Business Development) | Expense (+) | 3,000.00 | - |
| Cash / Accounts Payable (Introducer) | Asset/Liability (−) | - | 3,000.00 |
💡 Accountant's Note
Referral fees paid to introducers are a business development expense. They cannot be capitalized as contract acquisition costs under IFRS 15 because they are paid to a third party, not an employee of the firm. Ethical rules for legal and accounting firms must be observed.
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