Real Estate
Property Management Fee Revenue
Recording the monthly management fee earned for managing a property on behalf of an owner.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Accounts Receivable (Owner) | Asset (+) | 600.00 | - |
| Property Management Fee Revenue | Revenue (+) | - | 600.00 |
💡 Accountant's Note
Management fees (typically 5-10% of collected rent) are recognized as revenue in the month the management service is provided.
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