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khr
Senior Explorer *

Commission Advances

Employer would like to pay a commission advancement to a contractor and would like it tracked so that when the contractor does earn commission the advanced amount can be deducted.  We do not subscribe to QuickBooks Payroll.  Can this be accomplished in QBO Plus and how?


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Best answer 10-31-2018

Accepted Solutions
Established Community Backer ***

Re: Commission Advances

Code the payment to Accounts Payable. That creates an open credit on the vendor/contractor's account, to be used later when commission is earned and you create the Bill

Established Community Backer ***

Re: Commission Advances

Either an Expense or Check. Or post directly from the bank feed

3 Comments
Established Community Backer ***

Re: Commission Advances

Code the payment to Accounts Payable. That creates an open credit on the vendor/contractor's account, to be used later when commission is earned and you create the Bill

khr
Senior Explorer *

Re: Commission Advances

Thank your for your help.  I am a novice.  What form do I use to "code the payment to Accounts Payable"?

Established Community Backer ***

Re: Commission Advances

Either an Expense or Check. Or post directly from the bank feed

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