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August 18, 2022
Question

How to show commission deductions from income in QBSE

  • August 18, 2022
  • 1 reply
  • 0 views

I am an actor and various deductions are made from my performance income (agents commission, VAT, pension scheme, fitting fee etc) and I can't see how to apply these in QB Self Employed. Any help available?

1 reply

August 18, 2022

Hi there, @Matt_Gav.

 

I'm here to help ensure you're able to enter and show the appropriate deductions taken out from your commission in QuickBooks Self-Employed.

 

You can separately create a manual transaction for each deduction and the remaining amount will be your commission. This way, you're able to categorise the needed category of your income transactions.

 

Kindly read and use this article to learn more about manually adding transactions: Add Older Transactions to QuickBooks Self-Employed.

 

Being I'm unable to name the category you'll use, I recommend contacting your accountant. They can provide you with the steps needed in entering the deductions and commission of your income transaction.

 

If you haven't yet, here's a link for you and use it to find a bookkeeper near you: QuickBooks-certified ProAdvisor.

 

For now, I'm adding these articles with the topics to give you an overview of how things are done in the program:

 

 

Let me know how it goes in the comments below. It'll always be my pleasure to help if you've got additional questions aside from working with your income transactions in QuickBooks. Take care and stay safe!