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Partnership Suite
Partnership accounting can become complex when partners contribute unequal capital, earn variable commissions, or require interest on capital. The Partnership suite simplifies profit and loss sharing, capital balance calculations, and partner commissions according to partnership deeds.
How to Use the Partnership Suite
Select a calculator based on your partnership deed requirements. Enter individual partner capital amounts, profit ratios, or drawings to generate a fair, transparent distribution statement.
Frequently Asked Questions
How is interest on capital calculated?
Interest on capital is calculated as a fixed percentage on each partner's capital balance before remaining net profits are split.
Why keep separate partner capital accounts?
Separate capital accounts preserve clarity on equity contributions, profit allocations, and personal withdrawals (drawings) for audit compliance.