Fees earned意思

"Fees earned" is an accounting term that refers to the revenue earned by a company or individual for providing professional services. It is typically used in industries where services are billed on an hourly or project basis, such as law firms, accounting firms, consulting firms, and other professional services organizations.

When a company or individual provides services to a client, they will typically bill the client for their time and expertise. The amount billed to the client is referred to as "fees." The fees earned are recorded as revenue on the company's income statement when the services are rendered and the related bill is considered to be collectible.

For example, if a consulting firm provides advisory services to a client and bills them $10,000 for the work completed, the $10,000 would be recorded as "fees earned" on the consulting firm's income statement.

It's important to note that "fees earned" only refers to the revenue recognized for services provided, not the total amount billed. The total amount billed may include other items such as taxes, expenses, and markups, which are not considered part of the fees earned.