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Select the post file you wish to work in. Select Posting | Post
Click
Advanced
| Partner
Profit Share.
The next screen provides a list of all relevant partners/members with
their allocated profit which has been calculated from the percentages
specified within Edit
| Partners/Members Profit Shares.
You can change the profit for an individual partner by highlighting the partner and clicking Change Share.
Clicking the magnifying glass in the Actual field will either:
insert the amount of profit share calculated by IRIS , or,
insert the balance of the remaining profit when actual amounts have been entered for all but the final partner.
Enter
the amount you wish to allocate to this partner in the Actual
field.
If the figure is a profit the amount should be prefixed with a minus
sign.
If you wish to change the profit allocation for all partners, click Change All.
Click
OK to save or Cancel
to return to the Partner net profit shares screen.
The next screen will show the current profit allocation for the business.
The figures for the Total Profit/loss and the Share total allocated
have to be the same.
Click OK
to return to the Partners net profit
shares screen.
Remember that the actual profit figures entered should exactly equal
the profit for the period.