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littleislandflow
Level 1

How do I record income earned from commissioned sales in QB? I currently record commissioned product sales on sales receipts, but collect the commission fee later.

Those sale receipts are per customer and can include a mix of my product and the commissioned products.  These sales record in QB as sales income.  
I track commission sales outside of QB, and quarterly report the sales to the seller who in turn sends me an invoice for their product cost minus my commission.  I create an expense item for this invoice and charge it to the "cost of goods sold", write a check to pay the seller and match that check deposit to the expense item.  But how do I record the commission I earned in a way that I can track it as a type income?  I've already recorded the income from the product sales when I record them on a sales receipt.  Is there a way I can record the commission earned so I can track it as a category of income without doubling up on my overall sales income?
3 Comments 3
Charies_M
Moderator

How do I record income earned from commissioned sales in QB? I currently record commissioned product sales on sales receipts, but collect the commission fee later.

Hello there, littleislandflow.

 

Thanks for reaching out to us. I'd be happy to assist you in recording commission earned in QuickBooks Online (QBO).

 

You can create a service item for commission and select an income account. If you're not sure what's the exact income account to choose, we recommend consulting an accountant for guidance.

  1. Go to Sales.
  2. Click Products and Services.
  3. Click New.
  4. Click Service.
  5. Enter the name (Commission) and other necessary information.
  6. Click Save and close.

Now, you can apply the service item as a different line in the Sales Receipt once you get the commission. 

 

 

As always, you can give us a call if you wish to have somebody to guide you through the whole steps. I'd be happy to provide you the steps on how you can reach our QuickBooks Online Care Team:

  1. Go to https://help.quickbooks.intuit.com/en_US/contact
  2. Select  QuickBooks Online.
  3. Select a category under “What can we help you with?”.
  4. Scroll down the page, then click the Get Phone Number.

I'll be around here in the Community, so please don't hesitate to reach out to me if you have any other concerns.

milonedp
Level 1

How do I record income earned from commissioned sales in QB? I currently record commissioned product sales on sales receipts, but collect the commission fee later.

We get one deposit that includes the commissions receivable for multiple customers at the same time.  Is there a way I can get client by line item in this or similar approach?

AileneA
QuickBooks Team

How do I record income earned from commissioned sales in QB? I currently record commissioned product sales on sales receipts, but collect the commission fee later.

Hello, milonedp.

 

We were unable to add a client to the line item at this moment. I understand how the workflow you seek will benefit your company.  

 

We can submit a request for this feature through our Feedback board. These requests and suggestions are forwarded to the Product Development Team. They'll review them and may consider your input for future updates. 

 

Here's how: 

 

  1. Access your QuickBooks Online company.
  2. In the upper-right corner, click the Gear icon.
  3. Under the Profile column, select Feedback.
  4. Enter a brief description of your product suggestion, and then click Next.
  5. Type your email address.
  6. Once done, click Send Message

 

You'll want to track your suggestion through this website. You can also visit our blog to keep up with all of our recent events and developments.

 

I appreciate your patience as we work through this. If there's anything else I can do for you, please let me know. I'll be around to help you out. Stay safe!

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