QB Issue Resolution:

You have two transactions and you have to account for full deposit into your account first. You cannot create a net deposit that also has expenditure of 80% out and 20% retained and still show the money being deposited.

 

Handle the deposit first. Is it income? Is it a passthrough? A passthrough account wouldl be a current liability when deposited. Then you can record a check that is set up the following. line 1 is 100% of collected funds owed and line 2 is a negative 20% of line 1. Line 2 will be an income account. End result you collect 100% of money on behalf of someone else and have recorded 20% of it as your fee for handling.

Resolution for Issue 'I need to record transactions that are deposited into my account and then need to take 20% of that amount for my services rendered and pay the rest to the vendor. How would I record that transaction from an inbound cash side?' available: Yes (Solved).
Source: Intuit Community forum.

I need to record transactions that are deposited into my account and then need to take 20% of that amount for my services rendered and pay the rest to the vendor. How would I record that transaction from an inbound cash side?: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

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