Hello, here is the situation:
There are two "suites" in our building. There is only one water meter and we get the bill for that. We have new neighbors who have agreed to pay their share. They only want to be charged every (3) months though. So we've already paid for the water service. What is the best way to charge them for this utility? I put an item in called "water" and it links back to the GL expense account for our water bill. If I set the company up as a customer I can "invoice" them. I just don't know if that will be weird when we receive the payment; or there could be an entirely different way to handle this. I would want the income to be 'other income' or something like that, not a normal A/R income. Looking for suggestions! Thanks!
