Entering an MPIX/Zenfolio Sale in QuickBooks
I live in MN. I was blessed with a sale [:D]. I sold an MN customer two 8x10's at $10 a piece through Zenfolio/MPIX. The Zenfolio Report breaks this down as:
Net Revenue: Mpix Lab ... 26.45 <-- This is what customer paid Zenfolio<br />Total Cost of Products .... 2.00 <-- $1 per 8x10<br />Gross Profit .....24.45 <-- i.e. 26.45 - 2<br />Shipping ...6.45 <-- Zenfolio charged the customer this for shipping<br />Zenfolio Service Fees ...2.16 <-- Zenfolio fee<br />NET PROFIT ...15.84 <-- i.e. 26.45 - 2 - 6.45 - 2.16</p>
How should I enter all this in Quickbooks?
I already have Zenfolio setup as a Vendor. Do I need to change that?
I am thinking I need to create a new customer "ZenfolioSales" is this correct? Under this new customer's Terms, what do I put (Consignment, Due on Receipt, Net 30?)
How about "Is the customer "ZenfolioSales" taxable?" Yes/No?
I would then invoice ZenfolioSales each time I make an online sale. This would keep track of how much Zenfolio owes me.
Ok, so I create an invoice to ZenfolioSales:
Qty:2 8x10 @$10 .... $20
Shipping Charges .....$6.45
But how do I come up with what Zenfolio owes me (15.84)?
Any detailed help would be greatly appreciated.
Quickbooks 2010 mac