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i have a special case and do not know how to enter them in system
07-19-2013, 06:47 AM
Post: #1
i have a special case and do not know how to enter them in system
We have a customer buying directly from our suppliers. sometime they pay suppliers directly, sometime they wire transfer fund to us and we pay suppliers. the customer is using our service to do the inspection, order follow-up, shipping,etc.
at the end we charge this customer 4% commission on the whole sales.
I don't know how to enter their purchase and sales in our system. as for now i just enter the part of purchase and sales(actually sales amount is the same of it purchase) we received and paid. but how can we do with the balance, or rest of other orders?

do you guys have a better solution?

the frustrated
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07-22-2013, 08:49 AM
Post: #2
RE: i have a special case and do not know how to enter them in system
You can do it two different ways, main thing is you must be consistent.
1. You can either post the customer payments as Customer Deposits and credit the account Customer Deposits when you pay suppliers.
2. Or you post customer entire payments as Sales and payment to suppliers as Purchases. In effect your gross profit margin is 4%. Using this method, the difference is your Gross Income.


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