Most businesses receive tax invoices from their accountants for accountancy fees. This paper discusses the services to which accountancy fees could relate and also the allocation of accountancy fees to the department which received the benefit of those services. If the benefit wasn't received by any particular department, its recommended that accountancy fees be charged to an Administration Section and then distributed to the other departments, based on a formula which could include:
- labour distribution
- utilised space distribution
- sales distribution etc
The paper discusses accountancy fees under the following headings:
- Accountancy Fees Treatment
- Accountancy Fees Allocation
- Accountancy Fees For A Specific Profit Centre
