Split a partnership's turnover into the partners' files

In a partnership, the turnover splits between the partners’ income tax files by their shares. The split is used only for advances and tax differences: no income or document is created in a partner’s file.

Set the partners

1. Open the client set up as a partnership. The client page shows a Partners area.
2. Choose Set partners.
3. Choose Effective from: the first month the split applies to.
4. In Partner name, start typing a name or an ID and pick the partner from the office’s clients. Their ID fills in by itself. Type in a partner who has no file in the office: name and ID.
5. Fill in Share.
6. If the partner’s share belongs in a file registered under their spouse, pick the spouse’s file in Income tax file ID, or type their ID. Otherwise leave it empty.
7. Check that the shares add up to 100% and choose Save.

Under each row you see the file the share will go to, for example Linked to file: Israel Cohen. The link is made by ID, so it also appears when you type the ID of an existing client. A client with no ID on their card can be picked by name, but their share isn’t attributed to a file until you fill in the ID on the client card and in the row.

The partners table shows, next to each partner, the file their share goes to. A spouse’s file is marked Spouse’s file.

When something is missing

You can save a partial split, but calculations skip it until it is complete. The note under the table lists what is missing:

• The shares don’t add up to 100%.
• A partner has no share.
• A partner has no ID, so their share isn’t attributed to any file.
• There’s no file in the office with the ID entered. Open a file for the partner and the share is attributed to it automatically.

Change the shares

When the shares change, choose Change the split and set a new split from the month the change applies. Each month uses the split in effect in that month, so a change today doesn’t rewrite earlier periods. In a two-month period where the shares changed, each month uses its own share.

Choose Edit to correct a split, or Delete to remove it. After a deletion, its months use the previous split.

What the partner’s file shows

• The partner’s client page shows a Partnership income area listing every partnership that attributes income to it.
• The advances report shows Where the turnover comes from: the own business, and for each partnership the full turnover, the share, and the amount taken. The advance base is their total.
• The partnership’s own advances report shows How the turnover splits between the partners, with the file each share goes to.
• In Tax differences the tax is calculated on the partner’s file only, and the Partnership column ties the partner’s row to the partnership’s row.

The same person can be a partner in several partnerships, each on its own line. A file receives only the partner’s share, never the partnership’s whole turnover.

Permissions

Calculations only use clients you have access to. If a partnership you can’t open attributes income to a file, it is left out of your calculation and a note under the calculation says so. A partner whose file you can’t open is marked A file you don’t have access to.

A calculation saved on the file, such as the periodic advance amounts or the tax-difference projection, is shared by the whole office. So when you lack access to one of the file’s partnerships, you can see the calculation but not save it: a message says so, and someone with access to all of the file’s partnerships needs to calculate the file. For the same reason, the comparison with the filed advance shows no gap (—) in that case, instead of a gap that only comes from the partnership you can’t see.

A partnership that keeps its books in another currency than the partner’s file can’t be added to it in shekels. Its share is left out and marked with the currency, and the file’s calculation from the books isn’t saved: recalculating the periodic advance and the tax difference stops with a message, and the filed-advance comparison shows no gap. You can still enter the advance amounts by hand.