Dear GC users,
I am trying to set up GC for a small property management business. There
are three actors involved: Renter, Property Owner, and Property
Manager. Renter pays rent on a monthly basis to property management,
and the manager pays the property owner after taking out certain
percentage of management fee. Here is the workflow I came up with:
Renter(Customer) --> Invoice --> Accounts Receivable
↓
Rent Payment ---------------> PM Escrow (Income Account) ------------------
Check to Owner Issued↓
Owner(Vendor) ------> Bill -------> Acct Payable (Rental Passthrough) ------>
Rent Passthrough (Expense Acct)
| (split)↓
-----------> Acct Payable (Commission) --------------> PM Commission (Income Acct)
Could anyone please comment on if this is workable? Creating both
invoices and bills every month is kind of tedious. Any suggestions of
how to simplify/optimize the process?
I really wished that GC would have the option to link Vendor/Customer to
a transaction without creating a bill or invoice. Any future
development plans for this feature?
Thanks in advance! -- JC
_______________________________________________
gnucash-user mailing list
gnucash-user@gnucash.org
To update your subscription preferences or to unsubscribe:
https://lists.gnucash.org/mailman/listinfo/gnucash-user
-----
Please remember to CC this list on all your replies.
You can do this by using Reply-To-List or Reply-All.
