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loribwp
Level 1

I share office space. A new tenant rented a room, paid my office partner, then the office partner paid me 1/2 of the rent payment they received. How do I enter this?

 
2 Comments 2
GarlynGay
Moderator

I share office space. A new tenant rented a room, paid my office partner, then the office partner paid me 1/2 of the rent payment they received. How do I enter this?

Hi there, Lori.

 

I can help you enter these transactions.

 

Let's create a sub-customer for this tenant.

  1. Select Sales on the left menu and go to the Customers tab.
  2. Click the New customer button.
  3. Enter the needed information in the Customer information window.
  4. Mark the Is sub-customer box and enter the parent customer.
  5. Click Save.

Then, create an invoice for the rented room.

 

To pay your office partner, you'll want to create an owner's draw or run the payroll, and create an expense for the rent payment. You may ask for help from an accountant to learn more on how to enter these.

 

If you have any questions, please let us know. 

 

 

 

loribwp
Level 1

I share office space. A new tenant rented a room, paid my office partner, then the office partner paid me 1/2 of the rent payment they received. How do I enter this?

My office partner and I share a lease. We rented a room to someone who gave the rent payment to my office partner. Then my office partner paid me 1/2 of the payment received for the rented room. How do I enter that?

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