With business bookkeeping and basic tax tips for new and old entrepenuers

Wednesday, August 19, 2009

What are Commissions and Fees

The expense category of commissions and fees should cover fees you pay to other professionals such as a real estate agent, or if you pay a referral fee to a person who finds a customer or client for your business.

This category should not include sales commissions paid to a sales person who regularly works for you.

Fees would include recording fees such a notary fee, title recording fees or a registration fee. Also fees you pay to take out permits with City or County offices can fall here.

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