Learn how to set up a chart of accounts in QuickBooks to manage your company’s books.
A manufacturer representative is someone who sells a manufacturer’s goods and products to either wholesale or retail customers. This can either be a single person or a company that renders this service.
Like many other professionals, accounting may not be on the front burner for you—but we want to make it easier on you. We’ve created a free PDF with a QuickBooks chart of accounts for manufacturer representatives and agents.
In QuickBooks, the chart of accounts for a manufacturer representative is simple to understand. Since reps and agents make a commission off of what they sell, the company file should have an income account for commission income. If your company represents more than one manufacturer, then you can create items to track which jobs are earning you the most money.
Being a manufacturer representative does not carry a lot of overhead, since this is a job that can be done from almost anywhere. However, it does require a telephone and email, so make sure to have expense accounts for both. You may also have travel expenses and expenses for business meals. While the chart of accounts for your business is pretty straightforward, there are a lot of factors.
We want to make it easy for you to manage those factors. If you need any help setting up your chart of accounts or handling your accounting, reach out to the Fast Trac Consulting team!