Connect customer and vendor

fgaborfgabor Member Posts: 1

Is there a way I can connect the same customer and vendor to report a balance for a given period?

Comments

  • AlexiaAlexia Administrator Posts: 3,315 admin

    Hi @fgabor.

    You do have access to two reports (Income by customer and Purchases by vendors) from the Reports page, those might do what you need.

    Do you mean that one of your customers is also a vendor and you'd like to be able to see their total balance?

  • renene92renene92 Member Posts: 2

    @Alexia said:
    Hi @fgabor.

    You do have access to two reports (Income by customer and Purchases by vendors) from the Reports page, those might do what you need.

    Do you mean that one of your customers is also a vendor and you'd like to be able to see their total balance?

    me too... a number of my customers are also vendors

  • AlexiaAlexia Administrator Posts: 3,315 admin

    Thanks for adding to this, @renene92.

    Can you tell me a bit more about your business? I'd love to get a better idea of your workflow around these vendors that are also clients.

  • T0tal_BaliT0tal_Bali Member Posts: 3

    We own a villa agency and have to do reporting for the company and the villa.
    Is there anyway that we can have our paid invoices for that money enter both reports?
    The company profile will show that we were paid, and we sent the money minus commission to the villa owner.
    We want to have our profit calculated, but also the booking revenue that the owner made that month (No need for expenditures on this report)

  • JamieDJamieD Administrator Posts: 993 admin

    @T0tal_Bali I just want to confirm something here -- it sounds like you are referring to gaining commission on the villa that you are managing and are looking to pass the rent on to the property owner (such as AirBnB). If so, you will need to show the initial inflow of funds coming for the space, keep the commission and then pass the rest on to the owner, not necessarily as an expense but perhaps as a short-term liability (since you are just holding the funds for the owner). Technically a profit to the company, and commission to the host/owner of the properly.

  • T0tal_BaliT0tal_Bali Member Posts: 3

    Hi Jamie

    Yes correct
    But we need to do reports for our villa owners on their monthly bookings as well as a company report.
    I was wondering if this was possible to have 2 sets of reports from our invoices?

  • alexlewiszarkosalexlewiszarkos Administrator Posts: 480 admin

    Hi @T0tal_Bali . As Wave doesn't fully support property management, there is no real way to separate these reports. Currently, you can run a company report for an overall picture of what's going on with your books. An alternative to this would be to set up different businesses for each property allowing you to run reports on each, but then you wouldn't be able to run a company report.

  • T0tal_BaliT0tal_Bali Member Posts: 3

    Thank you for the reply @alexlewiszarkos
    That makes sense, I guess we can just pull the different business reports and make them into one main report on Excel for our main business.

    Its hard as we have 14 villas to look after and all require their own monthly reports.

    But thats a great solution I would say

    Thanks again

  • jzzenjzzen Member Posts: 2
    > @alexlewiszarkos said:
    > Hi @T0tal_Bali . As Wave doesn't fully support property management, there is no real way to separate these reports. Currently, you can run a company report for an overall picture of what's going on with your books. An alternative to this would be to set up different businesses for each property allowing you to run reports on each, but then you wouldn't be able to run a company report.

    Is there any plans to fully support property management?
    I am currently looking at a software accounting solution for my property Management Co.
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