Thank you Nic! Thanks to Silvia, I have a clear understanding of how it would be done accounting. The fact is that tracking all outgoing vouchers and invoices received and cross-checking amounts on a “Supsense” account and the Correct Revenues of the Commission take time in the future at the right time. I would like the administration to be automated as much as possible and therefore hope to have a linear accounting mode rather than using a voltage account where the 80% corresponds for each booking. The summary version is XYZ`s liability for goods and services, portfolio risks, prices and customer credit risks. So it`s a principle, do I agree? But the network that XYZ uses is the parent company`s network. (Please note that the parent company that is the CBA is also owned by the government). However, each turnover achieved by XYZ is the gross amount of which (say 70%) ABC`s parent company, and this is also mentioned in the agreement. So how do you think this concept is an agent, AM I RIGHT? Is this method of registering commissions allowed? Or do we have to register it accurately and DO WE respond to a supsense account (credit – debit guarantee account)? Reason for the question: setting up such an accounting structure requires much more manual work! There are three types of payments made by agency companies, i.e. the expenses they charge the shipping company without an increase, the expenses for which an increase is charged to the shipping company, and those that are not recovered by the shipping company.
Hello, Silvia, what would be the accounting treatment for this? A company takes control of a heritage base on a judicial order (in a dispute) and it also collects the rent related to the property hired, it does not use this rent collected in its business. The money is in his account until another subsequent court decision orders the company to return both the property and the rent recovered. Can this collected rent be described as income for the unit and can the property sold also be included in its books? THank Conclusion – GreatGear takes into account the sale of used bikes as for the “Agency” transaction – that is, in net amounts, since it acts as an agent. I have a scenario in which a company is created to offer online training/short courses. The company has agreements with universities, among which the company offers an education platform and universities provide the necessary content for learning. They have an agreement on income sharing, in which the amounts collected for tuition fees are shared 50:50.