referral fee to the client


A

Alexander

Hi
I have a client who has some balance on his account. Recently he give me
good referral and I decide pay him for his favor. How I should record this
referral fee against balance that he own me?
QB2005Pro US version.

Alexander
 
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A

Alexander

Thanks,
I was able to figure it out. Do I need to create item "referral fee" and
assign it to the COGS account "Referral fee"? Basically, what type of the
account should I use to put those referral fees on?

Alexander
 
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?

!-!

There are other possible ways, but yes - you would need an Item for
the credit note.

A referral fee is usually an expense similar to commissions, not COGS.
If you think your business is unusual, or other special circumstances
exist, consult your accountant.
 

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