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When you are a service provider, you do receives Client money to make payments to vendors. Find the Best Practices of Client Money Handling !
Client Money is money that a Firm holds or receives for or from a client and can be of any currency.
Client Money Handling means any money that the Company receives from the Client and/or may hold for and/or on behalf of the Client subject to Client money safeguarding.
Client assets are defined as assets which belong to a client but held by an investment firm for investment purposes. Examples of assets include cash, equities and bonds


When you are a service provider, you do receives Client money in order to make various payments to vendors. Find the Best Practices of Client Money Handling!


This Article will help you to understand:
1. Maintain Separate Records
2. Accounting of Client Money
3. Good Practices for Client Money Handling
4. Tax Impact


For more detailed information on the topic, read our Blog:-
https://accountantsbox.com/blog/best-practices-of-client-money-handling/


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