by Keryn
(Australia)
How to invoice your contractual customer
Hi,
The business I work for is a subcontractor to a larger business. I am trying to work out how to best enter this information to reflect our earnings.
Company A gives a job and charge the client $150. Our charge is $100 BUT we have to receive the $150 in cash for Company A. We bank it and at the end of the month Company A gives us the difference for jobs that were paid to them by the clients who pay via bank transfer.
We use MYOB Essentials.
When I invoice Company A - should I invoice the $150 or the $100? And how do I reflect the difference in money?? Should I do a return?
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