Third Party Fundraiser Event

Myriam

I offer event management and one of the events I'm organizing is a fundraiser where all proceeds go to specific scholarship funds. I need to pay for the setup and execution of the event and I collect funds through ticket and sponsorship sales.

I created an Expense account for the event 'Fundraiser expenses' as well as an Income account 'Fundraiser income'. That way I have the profit which will be given to the scholarship fund, minus a commission for me. How do I book my commission?

I created a commission invoice for the event, but cannot book it against an income since it's already on my account. How can I resolve this?

BTW, I created a long-term liability account for 'accrued liability' for the scholarship funds (the funds will be passed on in the next calendar year). That way I have the income from the event out of my books. Is that correct?