Hi,
We have a very small web services company that has just hired an independent contractor to sell our services. We are responsible for calculating his commissions based on a percentage of sales.
The question is how should that be set up and recorded in QuickBooks?
We currently have QuickBooks basic 2003. I don't see anything in here that would do what I want to do. Do we need to upgrade to QuickBooks Pro? If so, what kind of support is available there.
Thanks
Go to Invoices > Customize. Click on Edit (if you are using a Custom Invoice provided by QuickBooks then click on 'New'). In the 'Fields' page check on the 'screen' box corresponding to 'REP'. Now when creating the Invoice in the 'Rep' field check on Add New and create the Contractor as a Vendor. Now you can run a Sales report based on 'Sales by Rep Detail' and get the Sales made by the contractor during any given period. Now you will have to manually calculate the commission payable on Sales made.
Mike Block - QuickBooks Tax Cut C.P.A. Intuit paid me to make QuickBooks better!
Have something to add? Share your thoughts — no account required.
Ask the community — no account required