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UKWMMG_Phil
November 26, 2023
Question

What is the best way to track assets and investment put into a client?

  • November 26, 2023
  • 1 reply
  • 0 views

We run a management company, and in Sage we were able to put all expenses and income relating to a particular client into their single ledger.

 

What is the best way to do that in QBO, given that none of the ledger accounts seem to fit the description.

 

Also, we often buy products for multiple clients, but these cannot be allocated to different ledger accounts when creating a bill??

1 reply

G
GeorgiaC
January 4, 2024

Hi UKWMMG_Phil, thanks for posting on the Community

 

It is only possible to assign one customer or supplier to a transaction. For cases where you have multiple ledgers or customer/suppliers, you can record and split the transaction using a journal entry. 

 

Supplier and customer accounts are separate in QuickBooks Online. If you have a customer who is also a supplier, you will need to create a customer and supplier account for them (with a different display name). The display name is for internal use only, meaning it won't show on any forms sent to the client. 

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