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khr
Level 2

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?


Solved
Best answer 10-31-2018

Best Answers
Level 10

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

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Level 10

Re: Commission Advances

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

View solution in original post

3 Comments
Level 10

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

View solution in original post

khr
Level 2

Re: Commission Advances

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

Level 10

Re: Commission Advances

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

View solution in original post

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