How To Can I Track Commission and Split Rate in QuickBooks Online

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In this article, we will guide you through the process of tracking commission and split rates in QuickBooks Online. If you’re looking to streamline your accounting process, this step-by-step guide will help you get started effectively.

Step 1: Access the QuickBooks Dashboard

When you log into QuickBooks Online, you will land on the dashboard. From here, navigate to the Sales tab, which is located in the left-hand menu.

Step 2: Creating the Commission Service

Once you are on the Sales page, look for the Products and Services section.

1. Click on Create New.
2. Choose Service from the options provided.
3. In the Name field, type Commission.
4. For the Category, select Commission.

After reviewing all your entries, click on the Save and Close button at the bottom right to finalize this new service.

Step 3: Creating an Invoice

Next, we will create an invoice to apply the commission tracking.

1. Navigate to the Invoice section.
2. Click on the Create Invoice button.
3. In the Add Customer section, choose the customer for whom you are creating the invoice.

Once the customer is selected, proceed to add the products or services one by one. If you need to calculate the commission on multiple services, ensure each service is added correctly.

Step 3.1: Review the Invoice

Once you have added all necessary services, take a moment to double-check the Subtotal and Sales Tax amounts. This is essential to ensure all calculations are accurate before proceeding.

Step 4: Sending the Invoice

After you’ve confirmed the details are correct, click on the Review and Send button.

1. Enter the customer’s email address.
2. Click on the Send Invoice button.

And there you have it! You have successfully learned how to track commission and split rates in QuickBooks Online.

Conclusion

Thanks for reading this guide! We hope it has been helpful in understanding how to utilize QuickBooks Online for tracking commissions effectively. If you have any questions, feel free to leave a comment or visit our YouTube channel for more tutorials.