commission amount: We are a small auction company and we pay customers for items we sold on their behalf. Trying to figure out the best way to handle this.
No it is not cost of goods sold
The sales you collect during the estate sale should post to a liability account
Then you pay the estate with a check and the account detail section of the check looks like
liability account, $$$$ (full amount of sales)
commission income account, -$$$ (your commission amount […]
Resolution for 'commission amount issue: 'We are a small auction company and we pay customers for items we sold on their behalf. Trying to figure out the best way to handle this.' available: Yes.
The commission amount 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 commission amount issue yourself by looking for a resolution described in the article. If it is a complex commission amount issue or you are unable to solve the issue, you may contact us by clicking here or by using other commission amount support options.
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