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atjcreative
Level 1

What's the best practice for recording Talent Management incoming/outgoing payments on QB?

Hi,

 

I have a social media consultancy/management business that specialises in content creation for other business, but have recently began managing an influencer for who I plan to create commercial opportunities for within my network.

 

I was just wondering what is the best practise for recording the financial process that this will involve on QB?

 

I'll be receiving the fees from brand partners through my business, and then will be sending this onto to the talent minus my commission every month. I can't seem to find any categories that accurately represent either of these transactions though. Is there a more efficient way to do this?

 

I'm relatively new to QuickBooks so there may be a simple explanation to this so I do apologise! Thanks in a advance for any help.

1 REPLY 1
Ashleigh1
QuickBooks Team

What's the best practice for recording Talent Management incoming/outgoing payments on QB?

Hello Atjcreative, apologies for getting a late reply to your post, we would advise you to reach out to an accountant who will be able to help and guide you on the best way to do this in your account. 

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