Partnership Profit Sharing Ratios
This window is accessed via Tools > Profit Sharing Ratios on the main menu.
Click on an item to find out more:
Apply PSRs
Click Apply PSRs when you've entered the information and want to apply the Profit Sharing Ratios.
Split Evenly
Click this button if each partner receives an even share of the profits. This will enter the correct ratios automatically.
Partner Name
This column lists the names of all valid partners for the current tax year.
Prior Allocation
Enter any prior allocation for the partner
Ratio for period
Enter a ratio for each partner's split of the partnership's profits. If the partner joined or left the partnership during the current tax year (indicated on the partnership's Main Detailsform).