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Professional Fees Expense

by Online Tutorial & Training Guide | Nov 29, 2025 | Chart of Accounts, Expenses, Terminologies

Payments for services from external experts like lawyers, accountants, or consultants. Recognized when services are rendered. Often project-specific.

  • Accrued Interest Receivable
  • Payroll Liabilities
  • Intangible Assets
  • Deferred Tax Liabilities
  • Bonds Payable
  • Office Supplies Expense
  • KPIs (Key Performance Indicators)
  • Personal Funds Invested
  • Excise Tax
  • Working Papers

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