At this time the invoice feature within QuickBooks only applies to individual customers you have set up within the system. I think this would a really interesting feature to add into QuickBooks and I wouldn't be surprised if other users have also had the same idea in mind. I encourage you to follow the steps below and share this product suggestion with our product development team to help improve the experience in QBO!
Thanks for your reply -
We run a racehorse service business and usually dont deal with the shareholders , but now we are accepting more direct client billing (shareholders)
Another question I have is ,
A work around is to create an invoice and then discount it by the relevant percentage of share holding to arrive at the correct % of the total bill - but i have to create the same invoice multiple times (possibly up to 12) , what effect will this have on my accounts ? will we see inflated sales values on the dashboard or will the discounted amounts be taken into account ?
I know when we run a sales report , it shows the discounted amounts separately
The main impact creating the same invoice multiple times will be on your Accounts Receivable as it will have the same amount recorded 12 times, as the system will expect each amount to paid and closed in the invoice. Whether or not that is inflated to the business, that being said, when it comes to reconciliation, as long as you have the bank deposits to match against each invoice created, overall there is no issue with creating all these invoices.
In regards to the dashboard graphs that display sales and expense you should rely more on the reports themselves to show the accurate amounts. The current design of the Dashboard graphs include all deposits to the bank account in the income balance. The system will record only the actual income assigned to the bank account.