Record partner profit share

Use the Profit Share tab to can record the share of profits for a partnership. This displays the Total profit or loss, together with partner names and any amounts not allocated. You must configure the share, either by percentage or a specific amount.

1. From the Clients menu, select Clients list.
2. Change the client list view to either Active clients or a custom view that includes all relevant clients.
3. From the Accounts production widget on the Dashboard, select the required accounting period. Ideally, select the latest / newest period.

   If a relevant account period does not exist, you must create and set up one first.

4. Select the Profit Share tab.
5. Select View/edit profit share or select the linked Total value for Profit / Loss share.
6. Choose whether the profit is shared according to Percentage % or Specific amount £.
7. Enter the relevant values in the fields for each partner.

   If a profit has already been calculated, the share is automatically calculated for each partner. Use the Unallocated value to make sure all profit is shared.

8. To save but continue working in this interface, select Save, otherwise select Save & Close.

   If a profit has already been calculated, the share is now displayed for each partner.

Did you know?
We have created a video to support this process.