How to Record Expenses Deducted from Commission

pstekbear

I'm using the Windows version of Quicken Business and Personal to track revenue and expenses for my home-based travel agency which pays a monthly fee to a host agency to provide back office support.

Unless a commission payment is expected, the host agency will charge their fee to my credit card. When a commission payment is in the works, the host agency will deduct their fee from the commission payment and deposit the balance in my agency's checking account. In this situation, Is there a way I can manually enter the monthly fee and the full amount of the commission I was paid without creating a discrepancy between the Quicken balance and bank balance?

Jim_Harman

Enter the commission payment as a deposit with a split Category. Put the gross commission as a positive number on the first line of the split and the fee as a negative number on the second line.