- Published: October 31, 2021
- Updated: October 31, 2021
- University / College: North Carolina State University
- Level: Master's
- Language: English
- Downloads: 32
The member is allowed to get the services until the membership expires, which can be because of default of payment, deliberate membership cancellation or any other reason that is taken into account initially.
Since the customer is allowed to gain benefits from the membership for a period till the membership expires or dilutes, similarly the fee is also earned throughout the period of the membership so the membership fee should be distributed over that period of membership.
I hope that the above-mentioned advice serves your purpose well and guides you on the matter of accounting of upfront membership fee