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.