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ChrisGib
February 11, 2025
Question

I have a vendor that finances our inventory, as well as retail financing for customers. How to I enter the sale when they only pay us the profits?

  • February 11, 2025
  • 1 reply
  • 0 views

I have a situation my Bookkeeper and Accountant have not run into before, our vendor finances our inventory, and offers financing to the customers directly.  When a customer finances with them we only get paid the profits, which is leaving a large sum unpaid in quickbooks on each of these transactions.

 

Example:

Customer buys a $25K item, finances it through our vendor, our cost on it was 20K, so only 5K gets deposited to our account, vendor keeps the 20K they were owed on the item.  But our invoice out to the customer would have been for the full 25K so now our books show an unpaid amount of $20K.

1 reply

J
JamesM4
February 11, 2025

Hello ChrisGib,

 

Welcome to the Community. I'll be happy to share more info so you're on the right track with recording your transactions. 

 

Entering your transactions the right way is essential for ensuring your books remain accurate. I recommend consulting an accounting specialist for expert advice. This ensures your entries are recorded in a way that allows for you to navigate the program with peace of mind. You can get in touch with an accounting professional using this link here. Other accounting professionals are able to see this post in the Community and this will allow them to chime in.

 

In the meantime, feel free to check out the following resource:

 

Let me know if this info helps. I'll be a message away.

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