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									Commissions - Ask and Answer Questions				            </title>
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            <description>American Institute of Professional Bookkeepers Discussion Board</description>
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                        <title>Commissions</title>
                        <link>https://aipb.org/community/bookkeeping-general/commissions/#post-4149</link>
                        <pubDate>Fri, 26 Apr 2024 07:18:14 +0000</pubDate>
                        <description><![CDATA[I have a client who makes a product and sells said product to local stores at wholesale. When recording income, there is gross sales minus commissions to get what was collected. I am wonderi...]]></description>
                        <content:encoded><![CDATA[<p>I have a client who makes a product and sells said product to local stores at wholesale. When recording income, there is gross sales minus commissions to get what was collected. I am wondering what type of account those commissions should be recorded as. Contra income account, COGS, expense account?</p>]]></content:encoded>
						                            <category domain="https://aipb.org/community/bookkeeping-general/">Ask and Answer Questions</category>                        <dc:creator>Megan</dc:creator>
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