Setting up different commission rates
I have about 25 product lines, all of which have different commissions. How do I set up these different % commission rates, so that they calculate automatically when I create an invoice?
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ayZQFEvc4r4yUOacwZ5xHE
02/10/12 1:27pm PST
Viewed by asker 02/17/12 8:33am PST
Viewed by asker 02/17/12 8:33am PST
5 Replies
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02/11/12 5:17am PST
You can not set anything up so that when you list an item, the commission is automatically calculated which is what I think you are asking
QB does not track commissions
do you want your customer to see the commission payable on the invoice?
If I've helped, mark it solved.
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My QB tips Blog >> http://onsale-apparel.com/Rust...
When the majority, who cannot think for themselves, overwhelm the minority who can, you get ... convention.
02/13/12 11:01am PST
I actually do not send the invoice to the customer at all, so it doesn't matter. The invoice really acts as a record of the sales order. We are middlemen between the vendor and the customer, so we never have a liability to the vendor for the sale.
02/13/12 2:06pm PST
We are middlemen between the vendor and the customer, so we never have a liability to the vendor for the sale.
This sounds like you take the order, get paid, keep the commission, pay the vendor the balance - is that how it works?
02/17/12 8:33am PST
We never pay the vendor at all. The Customer who placed the order with us pays the vendor directly. The vendor then just pays us the commission amount
02/17/12 8:38am PST
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Ok lets assume the sale is for $100 and you get $10, a 10% commission
Create a discount item and set the rate to 90% -include the % sign (100% - your commission rate), select a sales income discount account (create it if you need to, type account = income, name sales discount)
List the sale on the invoice, if more than one item list a sub total item as the last item, follow that with the discount item
the balance due will be your commission, when payment comes in, receive payments against that invoice
Click solved (thumbs up) if you think it is
