Software Company Setup Help Needed!

Mar 22, 2006 3 Replies

hello, I"m brand new to QB, but I've been trolling the newsgroups for a couple of days and I'm still confused on how to correctly setup a small software company in quickbooks (QB Pro 2006). Here are some of my problems.


  1. What item type ?? I wrote a piece of software from scratch. I have unlimited quantities of this item. I would like to track how many have sold. None of the item types seems to match this scenario.


  1. I sell my software directly from my website, and also through electronic software distributors (ESDs). The distributors will collect multiple sales for, say a month or a quarter, and then send me a lump sum with their commisions stripped off (a percentage). I don't know how to handle this exactly, since QB wants to invoice an individual customer (which I don't do), receive payment for an invoice (which i never send out), and then deposit that money into my account (which actually comes in lump sums for multiple sales). it appears I will have to create a fake invoice for each customer, which I'm ok with, but then how do I handle the distributor commisions ?? each distributor has a slightly different commision too (from 20% to 40%).



Any help on how to get started would be much appreciated. I've been pulling my hair out on this problem.



Thanks! Scott



Trolling is a poor choice of words.

agreed. i plead insanity, ...which is what it feels like after searching/reading posts for 2 full days.

I suggest, as will many on this list, that you enlist the services of a QuickBooks accountant to set up your company and help you along the road of many pitfalls.

Join the Discussion

Have something to add? Share your thoughts — no account required.

Didn't find your answer?

Ask the community — no account required