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

Posted on 2006-07-20
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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?

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Question by:Techsupportwhiz
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scrathcyboy earned 500 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.
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by:Techsupportwhiz
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thanks.
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by:scrathcyboy
ID: 17162239
happy to help!
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