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tjcore
March 19, 2019
Question

Income received - for volume purchased

  • March 19, 2019
  • 1 reply
  • 0 views

How do I record income received - which is for the volume of the goods purchased the month prior.  The higher my volume of Watkins purchased monthly, I receive a refund cheque on my total discount on the goods the following month.  I do not think I should have to show this as commission earned, when it is the discount on my goods purchased.  Unsure How to show this income

1 reply

AddieC
AddieC
March 19, 2019

Hi there tjcore, 

 

I want to ensure you're getting the proper advice for how to record this income in your QuickBooks Desktop account. I can appreciate that you're unsure whether or not you'd have to show this as commission earned. This is something you'll have to run by your accountant. 

 

I recommend consulting with them to figure out the best way to document this. Depending on their advice, I would then be happy to show you how to record this income in your Desktop account. 

 

Feel free to reach out or comment below if you have any other questions.

Have a great day. 

 

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