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/