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Post Info TOPIC: Bookkeeping advice
santander


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Bookkeeping advice
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Hello all,

I would like some advice on book keeping. I am new to commission only sales and would like to know what things i need to know about book keeping.

any help would be great

andy


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Andrew Greenwood Elavon Merchant Services
BackOfficeGroup


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Andy

Welcome to the forum. We would love to help but I'm not sure what it is you need to know?

Some more info would be good.

Thanks.

P

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Merlion ABS


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Are you in receipt of commission as your source of income or are you paying commission out?

If receiving commission, then I would have thought you would get a statement of some sort every time you are paid. You can use the statement to agree the amount paid based on the sales made so you are sure you are getting paid correctly.

I would post the statement onto sage as a bank receipt, reference the statement up in order and file it away.

Or you can load the statement as a sales invoice to the relevant customer account and then post the receipt to match it off.

Not sure on the VAT implication though regarding commission.

More info would be handy as backoffice says.

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Rhianrach


Expert

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We pay commision to a company and that is plus vat. They send an invoice for it so I would assume it's dealt with at their end like any sales.

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Steve
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