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I have been looking for 3 days now and have not be able to find the answer I am looking for.
I am making shirts for a church and handling everything from design to delivery. and the Church gets a % of each sale. IE the get 8 dollars from each shirt sale. How to I record this correctly in QB so it does not show I profit 10.00 per item when I only make 2?
Solved! Go to Solution.
Welcome to the Community space, @B Durden.
You can treat the Church as a vendor to record the transaction. Once done a create sales receipts for the customer who buys the T-shirt. I'll show you how:
Then, you can now write a check or enter a bill ($8) to your vendor (church) to see that you've sent the money.
To write a check:
To enter Bill:
Once done, you can pull up the Profit and Loss report. This way, you'll see the new income which is $2. Just go to the Reports menu and select Company and Financial then choose Profit and Loss.
For more insights about managing your transactions, you can read through these articles:
Please leave a comment below if you have any other issues or concerns. I'm always here to help. Have a great day!
Welcome to the Community space, @B Durden.
You can treat the Church as a vendor to record the transaction. Once done a create sales receipts for the customer who buys the T-shirt. I'll show you how:
Then, you can now write a check or enter a bill ($8) to your vendor (church) to see that you've sent the money.
To write a check:
To enter Bill:
Once done, you can pull up the Profit and Loss report. This way, you'll see the new income which is $2. Just go to the Reports menu and select Company and Financial then choose Profit and Loss.
For more insights about managing your transactions, you can read through these articles:
Please leave a comment below if you have any other issues or concerns. I'm always here to help. Have a great day!
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