i get my rent from my agent he decductss his chargess ie commission how do i record this in quick books


I would use a Clearing Bank. Like this:

Enter the gross and "deposit" to the Clearing Bank.

Write a check to your manager as payee and list what you "paid" them for.

Now the real deposit to your operational bank is a Transfer from Clearing Bank to real bank.

The Clearing Bank should end at 0. That's why it is called Clearing.

This is Barter = we are trading values, not actual checks. They didn't send you Gross, just to have you turn around and pay them. But now you have everything tracked properly by name and for what happened and which dates.

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