What do I owe? How's your maths?

Mike_Eile

I feel a little bit embarrassed asking this but here it goes...and apologies if it's in the incorrect forum...

I (Person A) have my own company and work with (Person in my business. We share everything 50 - 50. However, lets just say maths was never my strong point! If an invoice is paid into my bank account then Person B just invoices me for 50%. However, Person B also gets work in through his company and I invoice him for 50%. We've both done a few jobs recently but I'm just a little confused as to what I owe Person B. Here are the figures...

Person A was recently paid (through my company):

1. €1,987.68 for job A
2. €1,416.96 for job B

Person B was recently paid (though his company):

1. €196.80 for job C
2. €861.00 for Job D

Here are some other points:

• I (Person A) am owed €219 for expenses that I incurred for job B, C and D
• Person B has paid Person C (a contractor that we both decided to hire) €100 for work carried out.

So, my question is, what do I (Person A) owe Person B? Apologies if I have confused you. Surely there is an easier way...

The___________

With respect to jobs A+B you owe owe your partner 1,702.32
Whilst he owes you 528.90 from jobs C+D

Cancelling these figures out means that you owe him 1,173.42

Deducting 219 from this figure to cover your expenses and adding on 100 to cover Person's B expenses gives us a grand total of E1,054.42 owed by you to your partner.

(Invoice is in the post)

Mike_Eile

The___________ wrote: »

With respect to jobs A+B you owe owe your partner 1,702.32
Whilst he owes you 528.90 from jobs C+D

Cancelling these figures out means that you owe him 1,173.42

Deducting 219 from this figure to cover your expenses and adding on 100 to cover Person's B expenses gives us a grand total of E1,054.42 owed by you to your partner.

(Invoice is in the post)

Thank you for the response! I appreciate it...