Real Estate
Facilities Management Contract (Annual)
Paying an FM company annually to manage the building's technical systems and maintenance.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Prepaid FM Costs | Asset (+) | 36,000.00 | - |
| Cash / Bank | Asset (-) | - | 36,000.00 |
💡 Accountant's Note
An annual FM contract is a prepaid asset. JOD 3,000 moves to FM Expense each month to match the cost to the period the service is provided.
Professional Excel Template
Get the automated version of this entry. Includes built-in IFRS checks, VAT calculators, and SAP-ready upload formats.
QA
Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.