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Post Info TOPIC: Brokerage
jaybag


Veteran Member

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Posts: 41
Date:
Brokerage
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Hi

Has anyone come across brokerage before and the best way to show it on Sage?

i,e

Joe puts his boat on brokerage with them for say £200

Dave buys the boat for £200

We then pay Joe the cash (minus 8% commission plus vat = £19.20 ) = £180.80

I know the boat shouldn't be showed as an asset, can I just put through the £19.20 as a commission payment on a commission nom code in the 4000's? (i.e produce an invoice for Joe?) and leave it as that?

The problem is the £200 has been though our bank so I need to show it on sage......

Any help would be greatly appreciated, it is driving me nuts!

Thank you



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