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Post Info TOPIC: Split purchase Invoice 50:50
NaomiC


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Split purchase Invoice 50:50
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Hello,.....again!

Would someone please be able to answer the following question for me please?

Company A has received an Invoice for an alarm system, and paid that invoice wholly. The invoice is for an item that relates to both Company A and Company B (in same building, owned by same people) a 50:50 split, although its addressed to Company A.

How would i show the expense / fixed asset in Company B, and reduce the cost in Company A?

Does it all depend on who the invoice is addressed to? I just dont have a clue!

Thanks 



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NClark
Rhianrach


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Company A could invoice company B. So sales invoice from company A against the asset, becomes an expense for company B.

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Steve
NaomiC


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Thanks very much for your reply.

So if i post the purchase invoice in Company A to Fixtures and Fittings, would i then raise a Sales invoice to F & F in Company A, and a purchase invoice in Company B to F & F too? 

n x



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NClark
Rhianrach


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To company B it would be a purchase invoice, post it to fixtures and fittings. To company A it would be a sales invoice that when posted to Fixtures and Fittings will reduce the value of that asset. Make sure you note on the invoice and when you post it what your reasons are and make a note for your accountant, would be my best advice.

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Steve
NaomiC


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Thanks for your info thats great x



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NClark
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