• Thread starter Bigfatgreedykat
  • Start date



Hello all

Just started using Office Accounting 2008.

We are a wholesale company and use agents to sell our goods. They receive
10% of an account when the invoice is paid.

How would i show this information in OA2008?

Look forward to any replies.





Lance [MSFT]

Here's a suggestion.

Create a current liability account to track money owed to agents and create
a sub account for each agent.

When an invoice comes in enter a debit for 10% of the invoice to your income
account and a credit against the liability account for the agent. The
journal form can be used to enter this.

When you pay the agent use transfer funds to enter a transfer from your
payment account to the agent's liability account. That will pay off the
agent's fee.

Hope this helps.

This posting provided AS IS with no rights or warrenty.

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