Hi, I will try to keep this simple,
Our customer paid us £7000, however, £1000 of it was owed to our sister company, so we were asked to transfer the £1000 over to the sister company.
All of that is fine, however, we still have the original £7000 payment on our books and now have a separate outgoing payment of £1000
How do I allocate the extra £1000 and the transferred £1000 so that it all makes sense?