Best Practice for Invoices/Payouts for a marketplace
I run a business that allows Pros and other instructors/coaches to use my platform to run clinics, lessons, camps, and other things like this where their students use my site to register. It's kind of like a marketplace where students can look at the various coaches and choose the one they like the best, and at the end of the day, all the registration/booking money comes to my account.
e.g. a clinic costs $60 and I get 12 people to sign up, so I receive a total of $720. Stripe charges me 2.9% + $0.30/transaction. I tell the pros that use my site that they will get 90% of their Gross revenue, which in this case is $648. I then use the 10% or $72 to pay CC fees and whatever is left is revenue for my business.
This is my first business so I'm not sure the best way to handle these arrangements in terms of accounting. Additionally, I'd like to know (specifcally) the best way to manage and document all of this, in Wave.
Any ideas, fellow wavers?!