Difference Between Professional Fees And Consulting Fees
Professional Fees VS Consulting Fees In Accounting P rofessional Fees is the payment made to professional bodies for the qualified works i.e., preparing Books of Accounts , auditing / checking of Financial Statements etc. while a C onsulting Fees is paid for getting advice, suggestions for a project in order to solve the problems such as getting expert advice from a qualified accountant about accounting systems, getting investment plans’s ideas in a project from a investment company, etc. Professional Fees is created for specific tasks such as for operational system, a qualified accountant is hired to work on it and install the system for the business works while consulting fees is paid for those works which required an expert advice for managing business projects in order to successfully complete these one or to start a new useful project for the business. For Professional Fees So, we can say that when specialized skill is required to perform a specific task to...