[GNC] Another Beginner Accounting Question

[Jesse MacDougall]

Just add the total amount of AR that is owed to you from the customer.
KISS (keep it simple sally)

On Wed., Dec. 22, 2021, 03:21 Patrick Skelton, <patrickskelton at gmail.com>
wrote:

> Hi,
>
> Just when I was thinking I had accumulated all the pieces of the jigsaw I
> need, I discovered the A/R account.
>
> I have a shop that charges 50% margin on whatever they sell. So, if they
> sell one candle for £12 then I will invoice them only for £6. They get 30
> days credit, so ideally I'd use the A/R system. I've played around with
> this and it seems to do what I expect to the Balance Sheet and Profit &
> Loss Report except for one thing: I seem to lose any record of the 50% of
> the total sales value that they have taken.
>
> There is a Discount column in the invoice but this doesn't seem to show up
> anywhere in the accounts. I'd like to have some record of the money I am
> 'losing' in sales commission, maybe as an expense.
>
> Can anyone offer any advice on how this might best be approached, please?
>
> Kind wishes - Patrick
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