I received an affiliate commission payment from Amazon, from sales from a blog (Amazon sold the product/s, not me). The commission payment was deposited in my Payoneer account. What is the proper way to enter this into Quickbooks? At this time the amount in my Payoneer account is too low for me to withdraw, and may just get used in the future for making a payment on something else not even related to my business.
Hello there Scott.
If you receive something and you want to log it in the program and increase the bank balance, you can use the regular bank deposit option in QuickBooks. To create a deposit, follow the steps below:
Refer to this link to learn how to create make Bank Deposits in QuickBooks Online.
Please post here again if you have other bank deposit concerns or if you need help with other features in QuickBooks. I'm always here to help. Have a nice day!
I made a new Bank account for Payoneer, and entered the deposit into it.
Being that there is no way to know how much one is going to receive, there was no way for me to invoice Amazon. Now there is no trace of any Sales from receiving this commission payment.
Am I doing something wrong? Does it even matter if it shows up as a sale of sorts?
It's nice to have you back here, Scott.
I'd like to share additional insights for this concern. If you wish to record a sale, you have the option to use invoices or sales receipts, rather than using a bank deposit. This way, your income gets reported to your financial reports.
For this, you can set up a service item that you will assign to the sales transaction first. Then you can create the sale by going to the + New icon and selecting Sales Receipt or Invoice.
I'm adding the following links to help you decide which transaction to create:
Kindly drop your comments or additional concerns below. I'll be more than happy to steer you to the right way. Have a good one!