Financing, tax rates, and accounting
Hi everyone,
When a customer purchases a product on our site we keep our commission and then send money to the maker of the product. I am curious how others handle sending money? Cheque, etransfer, paypal? Am I missing another option?
Also, what do you use to document that the money was sent?
Right now I am just sending an email to the makers but am looking for something more professional that will send an "invoice" that is easy to populate. FYI we are a Canadian small business and would be sending money to Canadians.
Any suggestions would be greatly appreciated!
Thanks,
Amy
Hey Amy!
I'm Daryoush - on the extraordinary Guru team! 🙂
We have a couple 3rd party apps that can help with vendor payouts, especially the first app! Please take a look at the links and it may be the right fit for your business - I love that it's Canadian!
- Vendor Payout
- Transparent Kitty
I hope this helps and have a lovely day!
Cheers,
Daryoush
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