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Hi Everyone
I have been a member for a while but this is the first time I have used the forum. Hope someone out there can give me a hand. Also realised, I posted this under the wrong topic heading - sorry.
We have an external sales consultant (i.e. not an employee) who is due to get sales commission from us for a lead which was then converted to a sale. I wanted to know about what paperwork I should produce and how to input into Sage.
Firstly in Sage, if the Sale is allocated to the sales product code 4007, I understand that the commission should be allocated to the expense code in the 5000 range.
The sales consultant is already on Sage as a supplier, is VAT Registered and sends us invoices for services he has provided for us but I am assuming it is not appropriate that he should send us a VAT invoice for commission he is due, so I'm just not sure what paperwork to raise for him.
If I raise an invoice it will look as though he has to pay it - when in fact we are due to pay him the commission.
If I raise a credit it will look as though we don't have to pay him as much as we actually owe him.
I'm also not sure what VAT Code to use - I assume it is similar to salary and therefore T9.
This is the first time I have had to deal with sale commission so just want to make sure I input everything correctly.
Thanks
Linsey
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