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How do I account in Xero for a car sale commision?

Unsure how to register a sale of a camper for a client.

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My friend runs a VW campervan supply & fit accessory company.

 

Also, they sell campers for their clients.  So they have received £10500 into their account and have transferred £10000 to their cluent keeping a £500 commission. They are VAT registered.

 

How do I account for this in Xero ? 

 

Thank you in advance.

 

 

 

Replies (3)

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RLI
By lionofludesch
27th Aug 2019 16:37

I vote £500 income, £10000 creditor.

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Replying to lionofludesch:
By mrme89
27th Aug 2019 16:39

I vote for lower than £500 income.

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My photo
By Matrix
27th Aug 2019 17:47

When you book the commission book it as VAT inclusive.

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