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M
Mag76
November 27, 2020
Question

Ticket Sales

  • November 27, 2020
  • 3 replies
  • 0 views

Hi, we are a music venue and sell tickets for promoters on our website .all the money are paid to our bank account and we pay everything back to the promoters after their gigs. How can I record the ticket money on QB without showing as our income?

3 replies

E
EmmaM
November 27, 2020

Mag76, There are options in accounting>chart of accounts>current liabilities for the amount held in trust on behalf of others which could be an option, how do you want to show this on the balance sheet? We would suggest speaking to an accountant for some advice on how best record this, as yes in effect it is not income for the business.

Fiat Lux - ASIA
Fiat Lux - ASIA
November 28, 2020

@Mag76 

Consider using an event management app as a workaround.

https://wildapricot.grsm.io/quickbooks

 

A
amansoni
April 1, 2021

Hi Mag, 


I have the same issue as I own a event ticketing website, receive the money from ticket buyers and then send the payout to the event organisers excluding my service fee.

 

Have you found a solution to solve your case?

Thanks!

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