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Recording income on several accounts when I receive an invoice greater than the invoices
7/2/09 11:18 AM, Viewed by asker 7/7/09 6:17 AM
Total Views: 371
Total Views: 371
I received a commission report for 9 accounts and It ends up that I owe more money than the commissions. I wrote check for the amount I owe. How do I record these commissions without overstating income?
All Replies: Answers (1)
Not following you. You received commissions but then paid commissions? The commissions you received are income to you. Any amount you had to pay -perhaps commissions to someone else are expenses to you. Income less expense is your profit or loss. In your case, a loss. I don't see you overstating income.
Hope this helps. If so, please mark Solved. Thanks so much!
Debbie
Debra Kilsheimer
Read about me by clicking: http://community.intuit.com/members/Debbie/
Advanced Certified ProAdvisor
Behind the Scenes
Port Orange, FL 32127
Read about me by clicking: http://community.intuit.com/members/Debbie/
Advanced Certified ProAdvisor
Behind the Scenes
Port Orange, FL 32127
