[GNC] Art Exhibition Sales Commission

[Maf. King]

On Tuesday, 29 July 2025 04:57:32 BST Geoffry Loats wrote:
> My organisation has held an art exhibition. During which we sold pieces of
> art on behalf of exhibitors.
> We take a commission and forward the balance to the exhibitor/s.
> I am aware that the commission itself is income. With the sales price - Do
> I enter it as income and when I pay the exhibitor/s, class the net payment
> as an expense?


Assuming the full purchase transaction has shown on your till rolls / bank 
statements etc, I would record the customer payment as a split between 
income:commission and Liability:artist   (you could split that further into 
each artist, if there are several)

then when you pay the artist their fee, reduce the liability account.

0.02, not an accountant and your local rules may have soemthing to say on the 
matter!

HTH,
Maf.