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evz-hexvallei-co
Level 1

We give our product to "agents" that sell it on our behalf. They send us the Sold amount with their Commision and costs deducted. Can I capture this other than a journal

Example. Our grapes is sold for R 100 but the customer deduct their cost of the selling price and end up giving us only R80.00. I need the capture the R100 turnover and the R20 costs on one transaction. Currrently using a journal but would love to capture is through invoicing
1 Comment 1
jenop2
QuickBooks Team

We give our product to "agents" that sell it on our behalf. They send us the Sold amount with their Commision and costs deducted. Can I capture this other than a journal

Hi there, evz.

 

Yes, there's an option to record the transaction through invoicing. 

 

To do this, you can create a service on non-inventory item and use it for the cost of selling the products. Then add it in the second line of the invoice as a negative entry so your sale or income would only be R80.00.

 

Let me share the steps with you:

 

  1. Go to the Gear icon and select Products and services.
  2. Click New and select Service or Non-inventory.
  3. Enter all the details that are related for the cost. 
  4. Scroll-down to the Income account section, then select an expense account that you want to use for the agent's commission and cost.
  5. Click Save and close

 

 

Once done, follow these steps on how to record the transaction in an invoice:

 

  1. Click the + New button and select Invoice
  2. Add the product you're selling in the first line, then proceed to the second line and add the commission item that you created. 
  3. Enter all other details and click Save and close

 

 

I also want to give you these articles for additional information when recording invoices in QBO:

 


The Community is always here if you need anything else.