I have been trying to set up QB Pro 2002 for my retail art gallery. We do not have any inventory - everything in the store is consigned by artists. The gallery takes a 50% commission on all sales. Is there any easy way to enter all the information for each piece of artwork so that if it sells, the commission is automatically deducted from the check that is written to the artist. Also, what accounts should I set up for the sales and the payments made to the artists? Thanks for any help.
You should have an income account called Sales and an expense account called Consignment Fees. Your sales are deposited into the bank and credit your sales income. That's one transaction. Then you go to Write Checks and pay the artist his share of the fee and charge the check to Consignment Fees. There is no way to do this automatically. You have to write the check. By the way, you should not use Pay Bills for these. Use the Write Checks screen.
