Hello QB experts! ( QB desktop user)
I need your help finding out what is the best way to deal with the following transactions:
I receive payments tuition payments on behalf of my clients (students) and transfer this payment
to the universities ( no profits here) just a transfer.
How do I set up this transaction? I have added the students as customers and the schools as vendors, but I don't know how to deal with the transaction...
I was invoicing the students for the tuition, but it was coming to me as income, but then, I got lost on how to deal with the payment that I was making to the universities with the students money?
The other part of this transaction, is that after the student is admitted, I invoice the schools for a commission fee, again , I am confused on how to deal with this. Any help is greatly appreciated!
Thank you