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Realtor commissions and fees
I need to charge a realtor their monthly fees. They want me to deduct the fees from their next commission check. What's the process to do so? Not sure if I should create an Invoice or Statement.
- They are set up as vendors in order to be paid commission
- Some pay their fees by check and others want the fee deducted from their commission check
* if deducted from commission check, I need to reflect the net pay (commissions paid - expense) and then the fees need to be applied to a receivable account.
What's the best process so they will be accurate when it comes to reporting their 1099s?
Thank you!
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