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Splitting Payment for a Workshop Invoice Between Multiple Debtors

The purpose of this document is to show how to split payment for a workshop invoice between multiple debtors. This system was established for a specific business. However the process is relevant for any business that have a scenario whereby multiple payees exist for for a single invoice.

1. Create a General Ledger account. This will act as the expense/holding account for the workshop jobs that you perform.

  • Go to General Ledger - General Ledger Accounts

Note: Until the separate invoices are paid by the responsible parties for the work that you do, the money will be held in this particular GL account. Below is an example of an account setup that would suffice, and with this type of setup the account would also appear on your Balance sheet report. 

 

To read further please open the attached document for the continuation of this knowledge base article.

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    Ramdin

    Payments for the debtors are always great for the people and for the companies because in this way they can feel very good in their life. I hope that the people will make their life extra colorful. The best essays au is really impressive and i learned a lot of great articles or essays from their site.

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    Armstrong

    CIPFA is the leading accountancy body for the public services providing education and training in accountancy and financial management. Finance Conference

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