Distributing the Value of an Asset Among Multiple Partners

If the same asset is purchased by more than one partner, the system allows you to distribute the value of the asset among them as needed by following these steps:

1. From the main menu, go to “Accounting” and select “Add Entry“.
2. In the “Account Name” field, enter the name of the cash account linked to the asset (an intermediary account).

• Refer to this guide for instructions on how to create an intermediary account from the chart of accounts.

1. In the “Debit” field, enter the total value of the asset.
2. Add the first partner’s name in the “Account Name” field under the asset account you entered.
3. In the corresponding “Credit” field, enter the amount to be allocated to the first partner.
4. Click “Add“, then add the second partner’s name in the “Account Name” field.
5. In the corresponding “Credit” field, enter the amount to be allocated to the second partner.
6. Click “Save.”

For more details on how to add an asset, refer to the Add New Fixed Asset guide.