I have a master franchise business, HQ holds a note I owe for $100,000. Each time one of my sub-franchisees makes a sale they pay commission to HQ, and HQ owes me 10% of the sale amount as a bonus.
Say in February my 10% bonus is $6,000. If I didn't have a note with HQ I would invoice them for $6,000 and it would show as income. Instead they reduce my note, so in this case it's now $94,000.
I want to show the $6,000 in income in Quickbooks even though I don't actually see it. I have a loan payable account for the note. I could journal $6,000 from the loan payable account to owner equity account but I want the $6,000 to show on my income statement (as it really is income).
Can anyone help me with this? I would be hugely grateful.