internal accounts

[DPM1]

Hi, hoping for some sugestions on the best way to proceed. what account would be suitable to use for money coming into the bank account and then being paid out with a percentage being kept as a commision so in theory would be a transactional account which I dont want showing on the profit and loss statement but obvoiulsy needs to show on the reconcitiation as money being receipted and money being paid out with commission being kept- any suggestions

[ChrisMYOB]

Hello @DPM1 

Welcome to the Community Forum. 

From what you have described it would sound like you would set it up as an other income account (8-xxxxx), but for confirmation on what account you should set this as you will need to speak with your accountant. 

I have attached a Help Article on setting up accounts which does detail what the different accounts are used for.