24d • ☀️ Chat
Bookkeeping Question for Client Direct Booking Payments
I have a vacation rental management client and I received a direct booking payment on their behalf and I want to record this correctly in my accounting software. At the end of the month on my monthly statement I recorded the commission owed and expenses that I needed for reimbursement. Since I already had this direct booking payment I just subtracted that from the amount the owner needed to owe me.
How should I categorize this direct booking money when it came in? How should I categorize the amount the owner paid me at the end of the month less this direct booking payment amount? In reality I essentially reduced the commission owed to me by this amount but want to record this correctly on the books. I'm using Baselane. I don't plan to do this often and is kind of a one-off situation that happened by accident.
0
1 comment
Bookkeeping Question for Client Direct Booking Payments
Leaderboard (30-day)
1
+9
2
+8
3
+8
4
+7
5
+7
Powered by