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Join nowLet me guide you on how you can record those transactions in QuickBooks Online, EEB2.
You can record a deposit and create an invoice and enter the Gross commission and Costs deduction. To do this, you can follow the steps below:
To record a bank deposit:
To create an invoice:
5. Click Save and close.
After that, you can link the deposit to the invoice. For your reference, if you have online banking you can find a match with your invoice by resolving the difference. Please check this article: Categorize and match online bank transactions in QuickBooks Online.
Feel free to let me know if you have additional questions on how to record commission. I'll be right here to assist you anytime.
Is this what you are thinking? Put the gross income in on line 1 and then on the next line(s) put the expenses as a negative number to the expense account(s).
Deposit:
Line 1: $15,000 to income account
Line 2+: $-3,000 to expense account(s)
Edit: I see someone beat me to it. Oh well. :)
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