How do I charge a commission?

When a business advisor receives commissions from a company, they must be accounted for. How to do ? Here is some information about the accounting of the commission of a business advisor.

What should be counted?

It happens that the self-employed intermediaries who have quality business provider, are paid by a company. The business contribution agreement is then considered as an expense and must be entered in the accounting field . Account 6222  Commissions and brokerage on sales must be debited as well as account 445661  VAT deductible on other goods and services, then credit account 401 Suppliers.

 But there is also a sales invoice sent to the customer , and in this case, it is  necessary to debit the account 411 Customers , then credit the account 44571 VAT collected.

Lastly, when an advisor's commission relates to a business entered into before the end of the financial year , the company must account for an invoice that did not arrive at the end of the financial year. You then simply have to debit accounts 6222 Commissions and brokerage on sales and 44586  Taxes on turnover on invoices not received, then credit account 4081 Suppliers - Invoices not received.