please help sales and commission

[confetti]

hi everybody, this is my first post so please excuse me if this sounds really stupid.

I am selling tickets in my shop and keeping a commission. My question is how do i put this into sage?

for example I sell a ticket at £10.00 which i ring into my till so that is included in my daily takings, but out of that £10.00 I have a commission of 50p, I also have to bank the £9.50 in my ticket suppliers account.

any help is appreciated.

[brucedenney]

The way I would do it, is as follows.

Set up a Till (Cash) bank account in sage.

Enter the daily takings in the till account.
Transfer the takings that were banked into the real bank account
Make a payment to the supplier for £9.50 for the ticket.

This is not really commission, it is more of a sale or return.

[confetti]

thanks bruce, that is what i was thinking but wasnt sure if i was right or not. What code do i use for paying the supplier though> would it just be misc purchases?

[brucedenney]

It depends on what you are buying/selling. You could do it straight to the nominal or you could set up a supplier account and do them as payments on account until you get and invoice .....

[confetti]

thanks for the reply bruce, i contacted my accountant and he advised me to set up a new sales type as tickets, and then when i put in my sales at night i put in some sales as daily takings and the other sales as ticket sales which are then paid out on a weekly basis to the ticket people. The thing is i only recieve a small commission on these tickets and the money is never mine, i was afraid of it making me have to become vat registered when i am never actually have the money