Hi Rustler,
thank you for your suggestion. Let me give you a bit of background.
We are selling a financial product, we are administrators of it so what happens we received a commission from the product provider and we pay some of this commission due to brokers for distributing of this product. So when we received the commission I record it as Sales Receipt ( I have 3 products and created 3 accounts under income). Then when we pay to brokers I use checks in QB to record these payments providing name of each client and posting the payment to COGS account as this is actually cost of goods sold. And now I have a situation when one case from one broker was cancelled but the commission was already paid to that broker. Now he needs to refund it to us. If he already did that I would just enter a deposit to reduce the COGS but the thing is that we are still waiting for it. Is there any way of showing it in QB?
