Telecommunications
Premium Rate / Shortcode Revenue (Revenue Share)
Recording the telecom's share of revenue from premium rate SMS or voice services.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Premium Rate Receivable | Asset (+) | 5,000.00 | - |
| Premium Rate Revenue (Net Share) | Revenue (+) | - | 3,500.00 |
| Content Provider Payable (Revenue Share) | Liability (+) | - | 1,500.00 |
💡 Accountant's Note
The telecom acts as billing agent for premium services. Only the operator's revenue share (net of the content provider's share) is recognized as revenue. The content provider's share is a payable.
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