I have a client that uses xero for its bookeeping. It buys land through loan funding & own money.
I need to be able to record the money that is being held on account with the solicitors... (client account)
Does anyone else have a client like this and can advise the bookeeping entries best and if any xero advice would be appreciated? i.e setting up a solicitors control account?
Example: Buy property for £500k, £400k would be funded from a loan, £100k would be paid from my client.