I have a craft shop and rent shelves to local crafters, Customers then pay for items at till and general shop sales as well either by card or cash, this is then all banked together.
At the end of each month, Vendors are paid their earnings minus rent and a commission percentage.
Some are paid by bank payment and some are paid cash.
I would appreciate advice on how to show this in my accounts as the vendors money paid to them is not actually my income, but theirs. The business only receives rent and commission from them, even though it all passes through the business account
Just set the vendors up as suppliers.