Split Invoices & Unallocated Funds

Accounting
1

I’m sure I have asked this question before so I apologise for repeating myself.

I have had a payment from a head office (for ease of explanation) which is actually a payment for 2 separate invoices to two different sub companies of the head office - if I am making sense. Therefore when I select to pay down multiple invoices and am asked for the client name I can allocate one of the invoices but then I am left with an "unallocated’ amount and I can’t see where the option is to allocate this.

Thank you for your help.

2

QuickFile won’t let you split a single payment to two invoices that are to different clients. You need to either split it into two transactions on your bank account (which is OK from an accounting perspective as long as the total is the same) and tag one to each invoice, or create a dummy “holding account” called something like “split payments”, pay the two invoices against that account and then tag the current account entry as a transfer between accounts to balance it all back to zero.

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