I've got you covered on tracking commissions for your representatives, Sika. This way, we can determine how much to pay or track it in your business.
We can track these commissions in your QuickBooks Desktop (QBDT) file in two ways. The first one is to enter the commission manually on the invoice, which means that the commission can be tracked in the invoice but remains visible to your customers.
Otherwise, we can set up this representative in your company file to record every transaction linked to them. Then, turn on your class tracking settings to enable the option to track their sales individually.
Please follow the steps below to set your sales rep on your company file:
- Go to the Lists menu and select Customer & Vendor Profile Lists.
- From there, select the Sales Rep List.
- Click the Sales Rep dropdown at the bottom of the page, and select New.
- Enter the Sales Rep Name and click OK.
- Select either to make a Quick Add or Set Up manually.
- Choose Other for the Name Type and click OK. If you set up manually, fill out the details needed to continue and hit OK. Otherwise, the application will automatically assign an initial for you.
- Then, press OK.
To track each salesperson's sales independently, you can now add them as a class after creating your class list. Class fields will appear as you enter transactions. Next, you can choose which representative is linked to that particular transaction.
To determine the individual sales of each salesperson, you can generate sales reports categorized by Class. You can also run the Profit & Loss report by Class. To compensate, generate the Sales by Rep Detail report for a comprehensive overview, then calculate your salesperson's commission percentage based on their sales amount, and proceed to the Write Check window to issue payment to your salesperson.
I'm always in the corner if you require additional assistance in tracking your representative commissions. Other than that, you can add a reply if you need additional assistance about managing your QuickBooks file. Stay safe!
