Affiliate Payment

Accounting
1

Hello, I run an affiliate marketing company and I receive some commissions via PayPal. As I have the PayPal feed setup, it automatically creates a sales invoice and tags the transaction.

Is this correct, or should I create invoices under purchases and do them as credits to myself?

Thanks

2

Hi @jackrobinson

If the commission is paid to you (e.g. for you referring someone), then a sales invoice would be correct.

You may also find this topic useful:
http://community.quickfile.co.uk/t/how-to-bookkeep-for-affiliate-commissions/9977/2?u=qfsupport