Commission for Sale of Service vs. Purchasing Service from Provider
We have partnered with a trainer that will come to our facility and lead small groups - for example, (4) 1 hour sessions on a Saturday. My company accepts payment, provides the facility, promotes the event, etc. He facilitates the training. We charge $100 per attendee and divide the income 50/50. I'm debating which is the better option: 1)Record the income as a Sale of Service and pay the trainer a commission of 50%. or 2) Purchase the service from the trainer and treat the the payment to him as COGS. Any thoughts?
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.
