commissions payable: How do I create an invoice to bill a client for COGS and then 70% of the net profit? They retain 30% for the lead/commission and processing the insurance payment for us.
yes, charge the full amount, and back out the commission paid
commission paid is mapped to an expense account for the 1099 that is a vendor
I missed that you were treating them as a customer, in that case it is an extra step, the discount should post to a liability account, […]
Resolution for 'commissions payable issue: 'How do I create an invoice to bill a client for COGS and then 70% of the net profit? They retain 30% for the lead/commission and processing the insurance payment for us.' available: Yes.
The commissions payable 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 commissions payable issue yourself by looking for a resolution described in the article. If it is a complex commissions payable issue or you are unable to solve the issue, you may contact us by clicking here or by using other commissions payable support options.
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