Types of Sales - Correct Accounting
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gilberto
Apprentice
Joined: 19 Aug 2007
Posts: 2
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 Posted: 02/23/08 - 06:16 Post subject: |
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| Hello and thank you in advance for any help. All our sales are invoiced per order. Now we have a large sale that we might have to turn over to the manufacturer and receive a commission. Is there a way that this sale amount can show on our books? We have never run across this before and don't quite know how to do this. |
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jarret
Apprentice
Joined: 29 May 2007
Posts: 1
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| Posted: 03/23/08 - 21:21 Post subject: |
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| The answer to your question mostly depends on arrangement between you and manufacturer. If you want to show complete sale amount in your books then you have to make an invoice directly to the buyer for the whole shipment. Manufacturer should not fill uneasy because of that unless he did not underline you not to do it. That way the manufacturer will give you his invoice. In front of the law, you buy some merchandise from manufacturer and sell it for the higher price to the buyer, even if you didn't see that merchandise. That process is calling indirect selling. Only problem in that is warranty. If you do business like that then you are responsible for the guarantees in front of the customers. |
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