[RKSTAR]

I write insurance for clients and have their invoices on my books. I receive commission payments for those policies. Home office bills the clients and receives money. Home office then credits my account for the policies written and sends me just a commission check, not the paid in full balance received from client.

Invoice Total To Client $2000
My Commission $24
Client Pays Home Office $2000
Home office sends my commission,($24) but invoice is actually paid in full. How do I show paid in full on client invoice with that money not actually coming through my office? And which account does it post to?
Thanks!

[paraclete]

You need to set quickbooks up so that the sale is credited to what could be described as a revenue in escrow account within the assets/liabilities section with the debit in debtors, when you receive the commission you would credit debtors, and debit the escrow account and you record the commission received as the net amount of the transaction with the otherside in the bank account

[RKSTAR]

Thank You So Much! I will give it a try!