USA Quickbook Auction/Consignment Sales Issue

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Mar 11, 2016
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HI! I work for an online auction and consignment business. I use Quickbooks Premier 2016 and we also have an auction program which handles all invoices for buyers, settlements for consignment, and already includes tax. How would I organize Quickbooks to show the different types of income (buyer premium, commission, filing fee) along with taxes that have already been taken out. I tried to do a daily sales record but it would not let me finish it without sales tax. I was thinking of just breaking up the deposit amount the different accounts when it is deposited. Would that make sense or is there a better way to do this?
 
Joined
Apr 17, 2011
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Who is actually making the sales? Is there a 3rd party here involved that actually makes the sales and collects and submits the sales taxes? Sound like there is someone else making the sales and sending you the net proceeds. If so then just make the sales receipt with all of the items as non taxable and QB won't compute sales tax.
 

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