amortizaton: Do I record referral fees received (when I refer clients to a vendor, they pay me a 10% fee) in Income section of the P&L, or in “Other Income” section at the bottom?
The referral fee is probably top line revenue, but if its not too significant you could also take it as an offset to your expenses from that vendor.
Keep you of that bottom area mostly – its for specific unusual stuff like capital gains/losses, exchange adjustments, income tax, amortizaton, etc.
Resolution for 'amortizaton issue: 'Do I record referral fees received (when I refer clients to a vendor, they pay me a 10% fee) in Income section of the P&L, or in “Other Income” section at the bottom?' available: Yes.
The amortizaton 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 amortizaton issue yourself by looking for a resolution described in the article. If it is a complex amortizaton issue or you are unable to solve the issue, you may contact us by clicking here or by using other amortizaton support options.
For more information about resolving issues related to amortizaton in Quickbooks/QBO or to get support for the issue 'Do I record referral fees received (when I refer clients to a vendor, they pay me a 10% fee) in Income section of the P&L, or in “Other Income” section at the bottom?', click the link below: