Setting up income accounts
I want to set up a way to divide gross income in to separate accounts in my accounting system. I have agreements with third parties to divide gross income based on percentages:
All of our income is from online services. I want to divide income into the following groups:
20% Technology / Programming / Support
10% to Legal Services
15% to Marketing
40% to Contract Production
15% to Operations - fixed costs, office expense, etc.
Is there a way to have the income automatically categorized to the appropriate funds so we don't have to manually divide it? I want to be able to produce reports on demand income and expenses from each division.