Entering Associates as Vendors in AccountEdge/Lonewolf

Q. We enter associates as customers to invoice them and as vendors so that we can pay the associates their commissions. Is this necessary?

A. No, you do not have to set up your associates as vendors to pay them their commission checks. WinMORE will track this for you and will produce the 1099s.

However, using the vendor card to pay and the customer card to receive funds follows standard GAAP accounting and will ensure clean separation of income versus expenses for quarterly and annual accounting reviews as well as tax audits should they arise.