Hello,
I am trying to set up an employee to receive 10% commission on Equine Ride Revenues each month. I plan to enter the commission amount in his 1st paycheck of the next month (along with his salary). My question is, do I need to create some sort of JE to recognize the commission expense once he is paid the commission? I hope this makes sense. Thank you
Example:
June Equine Revenue = $100
10% Commission for June = $10
Commission entered into employees paycheck on July 15 payroll run = $10