We are a manufactering rep and receive commissions from our vendors when our customers order direct from our vendors; what is the proper way to record that in qbd? We also recieve buy/resell orders as well and track inventory.
@Nehock wrote:How would I keep track of the commission owed to me if I just do a sales receipt when the commission check comes in?
Well see you didn't mention that you wanted to do that <smile>
to do that you need some items
a sales item that links to income
as sales item that links to the sales dicount income account
line one, list the sales item and the full amount
line two, list the sales dicount item ...
and here it gets screwy in QB
Let's say you get a 10% commission, as the rate for the sales discount item enter a negative .90 (-0.90) ... then on the sales receipt where you use this item enter the total sales amount as the QTY, save
when you get the commission check, receive the payment against this invoice.
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