Hi set year end,
Making sure your able to track all transactions properly is the key to good bookkeeping. I can help go over how to enter sales commissions that have been paid out.
QuickBooks Online makes tracking your commission paid easy by giving you a few ways to make these entries. The first would be by entering it as an expense and using the right account. You can follow the steps in this tutorial on how to make an expense in QuickBooks Online. If you aren't sure which account to pick I suggest contacting your accountant as they are highly trained in this. If you don't have an accountant no worries, we have your back. In your QuickBooks Online account, you can go to: My Accountant>Find a pro to help. This will bring you to our find an accountant page to help find one in your area.
If you have the QuickBooks Online payroll add-on you can also add commission to the employee paycheque as another way to track the commission paid. To add commission to an employee paycheque you can follow these steps.
- Go to Employees or Payroll menu.
- Select the employee's name.
- Under How much do you pay this employee? select Add additional pay types if you haven't selected any other pay types, or click the pencil icon if you have.
- Select the Commission checkbox.
- Select Done.
From there, you need to enter what the commission amount was when creating the paycheque.
Hope this was able to help!