> > I would use an AR Transaction, with a general sales account or the like. > > As an example, my company routinely (as in once a month or more) receives > residual payments from a company who's services we sell, but only in a > promotional manner. That is: we do the leg work, but for the final > transaction, after market support, etc., we send the customers through a > branded web site, phone system, or the like, which directs the business > through the company in question. > > Once a month, that company takes a percentage of the business we brought > in, and pays it back to us as "sales commissions". In this case, since we > have this arrangement with several companies, and have this going on with > a relatively high frequency, I created a "sales commissions" account, to > which I attribute these AR Transactions. > > HTH > > Luke
Thanks a lot Luke! That sounds reasonable and easier for me than General Ledger. Just I was thinking that it is not technically an AR transaction because I get the check and then have to enter the transaction. I guess that would not make much difference from accounting point of view, or would it? Any way, I will try it that way and will see how it works. May have to ask more questions. I thought the accounting could not be more difficult and confusing than engineering but I must be wrong :) ;) Thanks, luxe ------------------------------------------------------------------------- This SF.net email is sponsored by: Microsoft Defy all challenges. Microsoft(R) Visual Studio 2008. http://clk.atdmt.com/MRT/go/vse0120000070mrt/direct/01/ _______________________________________________ Ledger-smb-users mailing list [email protected] https://lists.sourceforge.net/lists/listinfo/ledger-smb-users
