USA Commission Advances

M

MelanieS

Joined
Oct 10, 2024
Messages
1
Reaction score
0
Country
United States
Our sales rep asked for an advance on his commission. This is not something we normally do with our sales team. We ran the advance through payroll to tax the $2K upfront. We are now tracking his commission and deducting commission earned from the $2k to pay us back for his advance. Is this how other's are handling this situation?
 
You must log in or register to reply here.

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

USA Commission Cost Scenarios 1
USA ASC340-40 - Amortization of Sales Commissions 1
USA As a subcontractor, recording mutual client payment less contractor commissions 1
Help on how to charge one department a commission that another department brings 1
UK Can VAT be reclaimed on Booking.com commissions charged in the United Kingdom 0
Commission journal entry 0
USA Sales commissions - expense classification U.S. GAAP 1
USA Commission Expense or Revenue Share? 4

Members online

No members online now.
Total: 100 (members: 0, guests: 100)

Forum statistics

Threads
11,758
Messages
27,805
Members
21,763
Latest member
AthenaMyl

Latest Threads

Top