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Former Member
Oct 30, 2013 at 07:22 AM

Brokerage accounting require in billing document


Hi Gurus,

The problem is as follows - We are raising an invoice to Customer A and at the same time we are allowing broker to some other party (Vendor). Vendor is maintained in my partner as broker (Z1).

Now we want to know that how will it be possible to capture the sales & accounting transactions.

Looking forward to some valuable suggestions.

No we are going to debit Rs 100 to the customer and then credit Rs 10 to the other party (Vendor).

The entry will be as follows -

Party A/c Dr. 100

Brokerage A/c Dr. 10


Sales Cr. 100

Vendor A/c Cr. 10

Thanks & Regards


Arun Vyas