Still celebrating National IT Professionals Day with 3 months of free Premium Membership. Use Code ITDAY17

x
?
Solved

Quickbooks - how do you deal with a commission check from a vendor?

Posted on 2006-07-20
3
Medium Priority
?
450 Views
Last Modified: 2010-05-19
I get checks from dell for people clicking through links on my website.  How do I enter those checks?  There's no expenses to go against.  

If I make dell a customer, there's also a vendor dell for PCs I buy for clients...  so you can't have a vendor and customer with the same name.  so call them dell commissions... but then you have to create an invoice to offset the income?  seems like a big chore?

0
Comment
Question by:Techsupportwhiz
[X]
Welcome to Experts Exchange

Add your voice to the tech community where 5M+ people just like you are talking about what matters.

  • Help others & share knowledge
  • Earn cash & points
  • Learn & ask questions
  • 2
3 Comments
 
LVL 44

Accepted Solution

by:
scrathcyboy earned 2000 total points
ID: 17161428
Miscellaneous income is the category -- cash receipts -- rebates, bank credits, dell checks, refunds on items given with your business -- all of this fits in miscellaneous income.  But if you do not want this appearing on a tax statement, which it probably should not -- then call it miscellaneous revenue.  "Income" has a specific meaning for the IRS, that is what you pay tax on.  YOu do not necessarily pay tax on revenue -- e.g. "offshore" revenue, "time and talent" consulting, etc, these are technically non taxable.
0
 

Author Comment

by:Techsupportwhiz
ID: 17162024
thanks.
0
 
LVL 44

Expert Comment

by:scrathcyboy
ID: 17162239
happy to help!
0

Featured Post

Independent Software Vendors: We Want Your Opinion

We value your feedback.

Take our survey and automatically be enter to win anyone of the following:
Yeti Cooler, Amazon eGift Card, and Movie eGift Card!

Question has a verified solution.

If you are experiencing a similar issue, please ask a related question

Developer portfolios can be a bit of an enigma—how do you present yourself to employers without burying them in lines of code?  A modern portfolio is more than just work samples, it’s also a statement of how you work.
One-stop solution for Exchange Administrators to address all MS Exchange Server issues, which is known by the name of Stellar Exchange Toolkit.
Using Adobe Premiere Pro, the viewer will learn how to set up a sequence with proper settings, importing pictures, rendering, and exporting the finished product.
The viewer will learn how to successfully create a multiboot device using the SARDU utility on Windows 7. Start the SARDU utility: Change the image directory to wherever you store your ISOs, this will prevent you from having 2 copies of an ISO wit…

670 members asked questions and received personalized solutions in the past 7 days.

Join the community of 500,000 technology professionals and ask your questions.

Join & Ask a Question