General
Event Ticket Sales (Gross vs Net)
Recording ticket sales revenue where the platform (like Eventbrite) takes a fee before payout.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash in Bank | Asset (+) | 950.00 | - |
| Event Platform Fees | Expense (+) | 50.00 | - |
| Ticket Sales Revenue | Revenue (+) | - | 1,000.00 |
💡 Accountant's Note
Always record the 'Gross' ticket price as revenue. The fees are a marketing or operational expense. This ensures your sales data matches your pricing.
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QA
Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.