Receivable payments from Vendor


G

Gullah Betty

I have MS Accounting 2008. It seems that all of the features are designed
for businesses that selling products. I have a service-oriented business and
I receive payment (commissions) from my vendors that I contract with to
provide a service for them.

Is there a way to structure the accounting programs to track payments
(commissions) from vendors due to my company?
 
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L

LD55ZRA

Gullah said:
I have MS Accounting 2008. It seems that all of the features are designed
for businesses that selling products. I have a service-oriented business and
I receive payment (commissions) from my vendors that I contract with to
provide a service for them.

Is there a way to structure the accounting programs to track payments
(commissions) from vendors due to my company?
It looks like you have not selected the correct "Type of business" when
setting up your company for the first time.

I suggest start from scratch by going to: File New Company. In the set
up Wizard, pay particular attention to "Type of business". This is
about third or fourth item in the Wizard . Don't worry about your old
set up because it will remain as it is and you are only creating a
completely new company from scratch. when you are happy with the setup
and all the nominal accounts, you can continue using this company from
now onwards.

Hope this helps.



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