Hi All,

I run an aircraft brokering company and on January 1, 2019 I added a partner and we started with a new fresh set of financial books. Partner A owns 65 percent of the company while Partner B owns 35%.

However, on every sale, the net profit of each sales commission is split as follow: 35% to Partner A and 65% to Partner B.

No equity was placed by either partner. I now have a few questions:

1) When the commission is received (say $50,000). How can I easily deduct all the expenses incurred for that deal to get the net profit as to easily make the split? (Is there a way to add a class to each expenses?)

2) What is the best approach to associate the split to the partner's equity account?

3) What is the best approach for either partner to withdraw that amount?

Thank you for all your help.