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Compound Journal Entry - Accounting

Tips and advice on how to use Landlord Vision.
kiranavnis
Posts:2
Joined:Sun Aug 05, 2018 2:06 pm
Compound Journal Entry - Accounting

Postby kiranavnis » Tue Oct 25, 2022 8:57 pm

Hi there,

Is it possible to allocate tenancy rental income as a compound journal entry?
i.e. Split the rental income recived between a credit to Rental Income Ledger and credit to a Liability Ledger.
We require a proportion of the rental income to be credited to a liability account due to a third party beneficial intreset to the income, is this possible?

Thanks

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