Direct Selling Bookkeeping
Direct Selling Bookkeeping Transactions
My question is simply this:
Do you need to record instances where your customer pays for their order with their own personal credit card, as opposed to paying cash or with a cheque made out to me (the business owner)?
No money is exchanging hands; I simply input their credit card info online and submit it, thus placing the order for them.
I do make a commission of these sales.
So, to record, or not to record, and if so, which accounts do you use, and how do you record it?
Thanks so much. I think I am trying to make it more difficult than it is.
It is actually a very good question and I don't have the answer for you ... so I'm posting it to unanswered questions hoping someone else does.
Without knowing more about the process, it's hard to make a decision. I could make an argument both for and against.
Let's start with, how are you recording the similar sales that pay by cash or cheque made out to you?