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sales commissions
johndoe
Member Posts: 2
I searched but didn't find anything. I am about to hire an Outside Sales Rep. in the US. He won't be an employee and I will be paying him 25% of sales. Two questions.
First, how do I enter this as an expense in Wave? What is best accounting practices? What expense does this fall under? etc.
Second, how do I actually pay him? Just send him a check or bank transfer? Is there any legal paperwork here? Is he considered a contractor and a 1099 issued?
BTW, this is the first time I ever hire someone to work for me other than a short, build me a website, type of work. I am a one man show with no knowledge of HR/legal/tax best practices.
1
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Hello. Just curious why this question has yet to be answered. We have salespeople who are paid a commission on their sales. Though the amount is determined by another program, we need to be able to show - in payroll - a line item for their commission payments. Can this be done? If so, how. If not, please tell us ASAP so we can find another solution.