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Sales for Independent Contractor (Travel Agent)
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Author:  kevinmanuel [ 25 Mar 2018, 09:21 ]
Post subject:  Sales for Independent Contractor (Travel Agent)

Hello,

I run a small travel agency. I am wondering how to handle the accounting for the sale of travel packages provided by other companies (ie. cruise lines, air lines, etc.). The payment for the contract normally goes directly from the client to the service provider (cruise line). I then get paid my commission after the contract is fulfilled.I am hoping I can keep track of the accounting for whole contracts as this would me understand the value of my business as a whole.Also, one (1) client has given me funds for a "corporate account" to prepay services later contracted. How would the accounting work drawing upon these funds?Using "T" accounts for describing the transaction would be appreciated.

Please help

I didn't find the right solution from the internet.

References:
http://www.accounting-and-bookkeeping-t ... f=4&t=8769
Creative video agency

Thanks

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