💰Affiliate Marketing Links: Best Affiliate Programs | Best Affiliate Software | Best Affiliate TrainingQuickbooks How To Enter Affiliate Marketing Profits
QuickBooks How To Enter Affiliate Marketing Profits As an affiliate marketer, you want to be able to track your earnings so that you can properly report them come tax time
Here’s how to set up your QuickBooks account to do just that. In your QuickBooks account, create a new item and call it “Affiliate Marketing Profit”. Be sure to select “Other Income” as the type. Next, create a new account and call it “Affiliate Commissions”
Again, be sure to select “Other Income” as the type. Now you’re ready to start tracking your affiliate marketing profits in QuickBooks. Every time you receive a commission, simply create a new income transaction and allocate it to the “Affiliate Commissions” account. At the end of the year, you can easily pull up a report of all your affiliate income and expenses by going to the “Reports” section and selecting “Income and Expenses”
From there, you can generate a Profit & Loss report for any given time period. This will give you a clear picture of your affiliate marketing business and help you file your taxes correctly
QuickBooks makes it easy to track your affiliate marketing earnings so that you can stay compliant and maximize your profits.