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luxuryvacations2
Level 1

I am a travel agent. Invoices are sent to show how much a client owes for the trip. Payments go directly to the vendor to pay for the trip not me. How do I track this?

I want to know how to separate vendor payments and my commission. Right now it looks like I've made way more than I have.
1 Comment 1
Rustler
Level 15

I am a travel agent. Invoices are sent to show how much a client owes for the trip. Payments go directly to the vendor to pay for the trip not me. How do I track this?

Collecting payments for the vendor, less your commision is a pass through type of thing

 

payments received should post to a liability account not an income account

 

then when you pay the vendor, the check detail looks like

line one - the liability account and the full amount due

line two - your commission income account and the amount of your commission as a negative number

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