How to make accounting entries for consulting service fees?

The service fee generated by consulting others is directly included in the management fee.

Borrow: management fee-consulting fee.

Loan: cash or bank deposit

Others ask you for advice and charge you a service fee.

Borrow: cash or bank deposit

Loan: income from main business

Consulting fee refers to the remuneration paid by the entrusting party to obtain the opinions or suggestions of consultants or companies on related matters. For example, lawyers or law firms pay consulting fees for consulting related legal issues, and tax agents pay consulting fees for consulting related tax issues. Such professionals or institutions include accountants (firms), doctors, pharmacists, chemists, teachers, managers, marketing planners, advertising planners, ISO consultants and so on.

Information fees paid to people who can provide relevant information without relevant titles recognized by the state can also be included in consulting fees, which can be included in enterprise management expenses and charged before tax. Consulting fees are generally priced according to the income generated by consulting questions. The proportion varies from time to time and from person to person, ranging from 50% to 10%.