Sales with Brokerage

[Former Member]

Hello All,

The problem is as follows - We are raising an invoice to Customer A and at the same time we are allowing commission to some other party (Vendor).

Now we want to know that how will it be possible to capture the sales & accounting transactions.

Looking forward to some valuable suggestions.

Thanks & Regards

Priyanka Mitra

[Former Member]

Hi Priyanka,

Is the brokarage also charged to customer ?

I mean if a product price is 100 and brokarage is 10.. Then are you charging 110 from the customer ?

Regards,

Sai

[Former Member]

Hi Sai,

No we are going to debit Rs 100 to the customer and then credit Rs 10 to the other party (Vendor).

The entry will be as follows -

Party A/c Dr. 100

Brokerage A/c Dr. 10

To

Sales Cr. 100

Vendor A/c Cr. 10

Please advice.

Thanks & Regards

Priyanka Mitra

[Former Member]

CLOSED.