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Level 1

Income tracking for commissions paid directly by the insurance company.

I run a technology advisory firm that gets paid for sales by the vendors/carriers we represent.

 

I have setup my separate accounts for each of the agencies we work with, but I'd also like to have an "invoicing" setup where I have a "client", but the money is actually received from the suppliers/master agencies.

 

In other words, I want to show my clients on reports (A/R, etc) but receive payments against those client invoices from my master agencies and/or direct suppliers.

 

What is the cleanest way to do that?

2 Comments
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Level 15

Income tracking for commissions paid directly by the insurance company.

QB does not care who makes the payment when you receive payments on a customer invoice.

 

Not sure what you mean by set up accounts for separate agencies, or why.

 

I would use service items per service you sell, and include a code for the agency.

 

Suppose you sell, paper advertising and you might use vendor-A or Vendor-B

I would have a service item called paper ads, and use the (SKU in QBO or MPN in QBDT) as the code for which vendor was being used.

 

then reporting on sales by item will show totals for the item/vendor

 

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Anonymous
Not applicable

Income tracking for commissions paid directly by the insurance company.

Hey @cadencesg,

 

Good thoughts on the organization and wanting to keep things "clean."

 

Would it make sense to keep it simple and create broad "parent accounts" by agencies and suppliers and "sub-accounts" for the individual clients?

 

Master Agency 

  • Sub-account 1

Direct Supplier 

  • Sub-account 1

 

or

 

Category

  • Master Agency 
    • Sub-account 1(client) 
  • Direct Supplier 
    • Sub-account 1 (client)

 

This way, when you run your reports, you will get the individual and aggregate totals

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