The FTD monthly statement has one specific section specific to Wire order accounting.
Other sections are accounted for seperately.
FTD Wire Statement
The FTD Wire Statement states all total amounts for orders and commissions.
d - Gross Wire OUT Sales
The total sales amount for Wire OUT orders.
e - Net Wire OUT Comission
Your earnings on Wire OUT orders.
f - Gross Wire IN Sales
The total sales amount for Wire IN orders.
g - Net Wire IN Commission
Your earnings on Wire IN orders.
h - Net Advance
Your earnings advance.
i - Net Wire Commission
Net amount owing to you (or by you).
FTD Journal Entry
Using this statement, you can generate a Journal Entry that can be used to post the wire portion of your statement in to your accounting program.
DEBIT - Gross Wire OUT Sales (d)
Reduces your gross sales
CREDIT - Net Wire OUT Commission (e)
Increases your net commission sales
CREDIT - Gross Wire IN Sales (f)
Increase you gross sales
DEBIT - Net Wire IN Commission (g)
Decreases your net commission sales
DEBIT - Net Advance (h)
DEBIT - Bank (i)
Increases your bank account
Your accounting will now indicate a net change in Wire Sales, Wire Commission Sales and Bank.