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No. It's not necessary.

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12y ago

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Is fees earned an asset?

The Fees Earned account is most commonly used in the services industry, where it contains billings for such services as tax consulting, auditing fees, and general consulting.


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No, design fees for a store are typically expensed as incurred rather than capitalized. Capitalizing an expense means spreading its cost over time as an asset, which is not applicable to design fees as they are considered part of the cost of doing business in the period they are incurred.


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What type of account is Unearned Consulting Fees?

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Is affiliation fees an asset or expense?

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