diff --git a/src/CONST.ts b/src/CONST.ts
index 33eae01ed9c8..7d0cd3c4cf54 100755
--- a/src/CONST.ts
+++ b/src/CONST.ts
@@ -171,7 +171,7 @@ const CONST = {
     },
 
     // Note: Group and Self-DM excluded as these are not tied to a Workspace
-    WORKSPACE_ROOM_TYPES: [chatTypes.POLICY_ADMINS, chatTypes.POLICY_ANNOUNCE, chatTypes.DOMAIN_ALL, chatTypes.POLICY_ROOM, chatTypes.POLICY_EXPENSE_CHAT],
+    WORKSPACE_ROOM_TYPES: [chatTypes.POLICY_ADMINS, chatTypes.POLICY_ANNOUNCE, chatTypes.DOMAIN_ALL, chatTypes.POLICY_ROOM, chatTypes.POLICY_EXPENSE_CHAT, chatTypes.INVOICE],
     ANDROID_PACKAGE_NAME,
     WORKSPACE_ENABLE_FEATURE_REDIRECT_DELAY: 100,
     ANIMATED_HIGHLIGHT_ENTRY_DELAY: 50,
diff --git a/src/libs/ReportActionsUtils.ts b/src/libs/ReportActionsUtils.ts
index f584f694edd0..a268b41eea0a 100644
--- a/src/libs/ReportActionsUtils.ts
+++ b/src/libs/ReportActionsUtils.ts
@@ -994,20 +994,20 @@ const iouRequestTypes = new Set<ValueOf<typeof CONST.IOU.REPORT_ACTION_TYPE>>([
     CONST.IOU.REPORT_ACTION_TYPE.TRACK,
 ]);
 
-/**
- * Gets the reportID for the transaction thread associated with a report by iterating over the reportActions and identifying the IOU report actions.
- * Returns a reportID if there is exactly one transaction thread for the report, and null otherwise.
- */
-function getOneTransactionThreadReportID(reportID: string, reportActions: OnyxEntry<ReportActions> | ReportAction[], isOffline: boolean | undefined = undefined): string | undefined {
-    // If the report is not an IOU, Expense report, or Invoice, it shouldn't be treated as one-transaction report.
+function getMoneyRequestActions(
+    reportID: string,
+    reportActions: OnyxEntry<ReportActions> | ReportAction[],
+    isOffline: boolean | undefined = undefined,
+): Array<ReportAction<typeof CONST.REPORT.ACTIONS.TYPE.IOU>> {
+    // If the report is not an IOU, Expense report, or Invoice, it shouldn't have money request actions.
     const report = ReportConnection.getAllReports()?.[`${ONYXKEYS.COLLECTION.REPORT}${reportID}`];
     if (report?.type !== CONST.REPORT.TYPE.IOU && report?.type !== CONST.REPORT.TYPE.EXPENSE && report?.type !== CONST.REPORT.TYPE.INVOICE) {
-        return;
+        return [];
     }
 
     const reportActionsArray = Array.isArray(reportActions) ? reportActions : Object.values(reportActions ?? {});
     if (!reportActionsArray.length) {
-        return;
+        return [];
     }
 
     const iouRequestActions = [];
@@ -1035,6 +1035,15 @@ function getOneTransactionThreadReportID(reportID: string, reportActions: OnyxEn
             iouRequestActions.push(action);
         }
     }
+    return iouRequestActions;
+}
+
+/**
+ * Gets the reportID for the transaction thread associated with a report by iterating over the reportActions and identifying the IOU report actions.
+ * Returns a reportID if there is exactly one transaction thread for the report, and null otherwise.
+ */
+function getOneTransactionThreadReportID(reportID: string, reportActions: OnyxEntry<ReportActions> | ReportAction[], isOffline: boolean | undefined = undefined): string | undefined {
+    const iouRequestActions = getMoneyRequestActions(reportID, reportActions, isOffline);
 
     // If we don't have any IOU request actions, or we have more than one IOU request actions, this isn't a oneTransaction report
     if (!iouRequestActions.length || iouRequestActions.length > 1) {
@@ -1054,6 +1063,27 @@ function getOneTransactionThreadReportID(reportID: string, reportActions: OnyxEn
     return singleAction.childReportID;
 }
 
+/**
+ * Returns true if all transactions on the report have the same ownerID
+ */
+function hasSameActorForAllTransactions(reportID: string, reportActions: OnyxEntry<ReportActions> | ReportAction[], isOffline: boolean | undefined = undefined): boolean {
+    const iouRequestActions = getMoneyRequestActions(reportID, reportActions, isOffline);
+    if (!iouRequestActions.length) {
+        return true;
+    }
+
+    let actorID: number | undefined;
+
+    for (const action of iouRequestActions) {
+        if (actorID !== undefined && actorID !== action?.actorAccountID) {
+            return false;
+        }
+        actorID = action?.actorAccountID;
+    }
+
+    return true;
+}
+
 /**
  * When we delete certain reports, we want to check whether there are any visible actions left to display.
  * If there are no visible actions left (including system messages), we can hide the report from view entirely
@@ -1834,6 +1864,7 @@ export {
     getRenamedAction,
     isCardIssuedAction,
     getCardIssuedMessage,
+    hasSameActorForAllTransactions,
 };
 
 export type {LastVisibleMessage};
diff --git a/src/libs/ReportUtils.ts b/src/libs/ReportUtils.ts
index f4391a1171ac..158c56e54a02 100644
--- a/src/libs/ReportUtils.ts
+++ b/src/libs/ReportUtils.ts
@@ -1580,12 +1580,20 @@ function hasOnlyNonReimbursableTransactions(iouReportID: string | undefined): bo
     return transactions.every((transaction) => !TransactionUtils.getReimbursable(transaction));
 }
 
+/**
+ * Checks if a report has only transactions with same ownerID
+ */
+function isSingleActorMoneyReport(reportID: string): boolean {
+    const reportActions = allReportActions?.[`${ONYXKEYS.COLLECTION.REPORT_ACTIONS}${reportID}`] ?? ([] as ReportAction[]);
+    return !!ReportActionsUtils.hasSameActorForAllTransactions(reportID, reportActions);
+}
+
 /**
  * Checks if a report has only one transaction associated with it
  */
 function isOneTransactionReport(reportID: string): boolean {
     const reportActions = allReportActions?.[`${ONYXKEYS.COLLECTION.REPORT_ACTIONS}${reportID}`] ?? ([] as ReportAction[]);
-    return ReportActionsUtils.getOneTransactionThreadReportID(reportID, reportActions) !== null;
+    return !!ReportActionsUtils.getOneTransactionThreadReportID(reportID, reportActions);
 }
 
 /*
@@ -2210,7 +2218,7 @@ function getIcons(
     if (isChatThread(report)) {
         const parentReportAction = allReportActions?.[`${ONYXKEYS.COLLECTION.REPORT_ACTIONS}${report.parentReportID}`]?.[report.parentReportActionID];
 
-        const actorAccountID = getReportActionActorAccountID(parentReportAction, report);
+        const actorAccountID = getReportActionActorAccountID(parentReportAction);
         const actorDisplayName = PersonalDetailsUtils.getDisplayNameOrDefault(allPersonalDetails?.[actorAccountID ?? -1], '', false);
         const actorIcon = {
             id: actorAccountID,
@@ -2305,7 +2313,7 @@ function getIcons(
         const isManager = currentUserAccountID === report?.managerID;
 
         // For one transaction IOUs, display a simplified report icon
-        if (isOneTransactionReport(report?.reportID ?? '-1')) {
+        if (isOneTransactionReport(report?.reportID ?? '-1') || isSingleActorMoneyReport(report?.reportID ?? '-1')) {
             return [ownerIcon];
         }
 
@@ -4819,9 +4827,9 @@ function buildOptimisticReportPreview(
             },
         ],
         created,
-        accountID: iouReport?.managerID ?? -1,
+        accountID: iouReport?.ownerAccountID ?? -1,
         // The preview is initially whispered if created with a receipt, so the actor is the current user as well
-        actorAccountID: hasReceipt ? currentUserAccountID : iouReport?.managerID ?? -1,
+        actorAccountID: hasReceipt ? currentUserAccountID : iouReport?.ownerAccountID ?? -1,
         childReportID: childReportID ?? iouReport?.reportID,
         childMoneyRequestCount: 1,
         childLastMoneyRequestComment: comment,
@@ -6644,7 +6652,7 @@ function shouldReportShowSubscript(report: OnyxEntry<Report>): boolean {
         return true;
     }
 
-    if (isExpenseReport(report) && isOneTransactionReport(report?.reportID ?? '-1')) {
+    if (isExpenseReport(report)) {
         return true;
     }
 
@@ -6656,7 +6664,7 @@ function shouldReportShowSubscript(report: OnyxEntry<Report>): boolean {
         return true;
     }
 
-    if (isInvoiceRoom(report)) {
+    if (isInvoiceRoom(report) || isInvoiceReport(report)) {
         return true;
     }
 
@@ -7538,10 +7546,10 @@ function canLeaveChat(report: OnyxEntry<Report>, policy: OnyxEntry<Policy>): boo
     return (isChatThread(report) && !!getReportNotificationPreference(report)) || isUserCreatedPolicyRoom(report) || isNonAdminOrOwnerOfPolicyExpenseChat(report, policy);
 }
 
-function getReportActionActorAccountID(reportAction: OnyxInputOrEntry<ReportAction>, iouReport: OnyxInputOrEntry<Report> | undefined): number | undefined {
+function getReportActionActorAccountID(reportAction: OnyxInputOrEntry<ReportAction>): number | undefined {
     switch (reportAction?.actionName) {
         case CONST.REPORT.ACTIONS.TYPE.REPORT_PREVIEW:
-            return !isEmptyObject(iouReport) ? iouReport.managerID : reportAction?.childManagerAccountID;
+            return reportAction?.childOwnerAccountID ?? reportAction?.actorAccountID;
 
         case CONST.REPORT.ACTIONS.TYPE.SUBMITTED:
             return reportAction?.adminAccountID ?? reportAction?.actorAccountID;
@@ -8122,6 +8130,7 @@ export {
     isIndividualInvoiceRoom,
     isAuditor,
     hasMissingInvoiceBankAccount,
+    isSingleActorMoneyReport,
 };
 
 export type {
diff --git a/src/pages/home/report/ReportActionItemSingle.tsx b/src/pages/home/report/ReportActionItemSingle.tsx
index 57ac3a0c0bf4..ac40889e6c6e 100644
--- a/src/pages/home/report/ReportActionItemSingle.tsx
+++ b/src/pages/home/report/ReportActionItemSingle.tsx
@@ -81,19 +81,20 @@ function ReportActionItemSingle({
     const StyleUtils = useStyleUtils();
     const {translate} = useLocalize();
     const personalDetails = usePersonalDetails() ?? CONST.EMPTY_OBJECT;
-    const actorAccountID = ReportUtils.getReportActionActorAccountID(action, iouReport);
+    const actorAccountID = ReportUtils.getReportActionActorAccountID(action);
     const [invoiceReceiverPolicy] = useOnyx(`${ONYXKEYS.COLLECTION.POLICY}${report?.invoiceReceiver && 'policyID' in report.invoiceReceiver ? report.invoiceReceiver.policyID : -1}`);
-
     let displayName = ReportUtils.getDisplayNameForParticipant(actorAccountID);
+    const icons = ReportUtils.getIcons(iouReport ?? null, personalDetails);
     const {avatar, login, pendingFields, status, fallbackIcon} = personalDetails[actorAccountID ?? -1] ?? {};
     // eslint-disable-next-line @typescript-eslint/prefer-nullish-coalescing
     let actorHint = (login || (displayName ?? '')).replace(CONST.REGEX.MERGED_ACCOUNT_PREFIX, '');
     const isTripRoom = ReportUtils.isTripRoom(report);
     const isReportPreviewAction = action?.actionName === CONST.REPORT.ACTIONS.TYPE.REPORT_PREVIEW;
-    const displayAllActors = isReportPreviewAction && !isTripRoom;
+    const displayAllActors = isReportPreviewAction && !isTripRoom && ReportUtils.isIOUReport(iouReport ?? null) && icons.length > 1;
     const isInvoiceReport = ReportUtils.isInvoiceReport(iouReport ?? null);
     const isWorkspaceActor = isInvoiceReport || (ReportUtils.isPolicyExpenseChat(report) && (!actorAccountID || displayAllActors));
     const ownerAccountID = iouReport?.ownerAccountID ?? action?.childOwnerAccountID;
+    const managerID = iouReport?.managerID ?? action?.childManagerAccountID;
     let avatarSource = avatar;
     let avatarId: number | string | undefined = actorAccountID;
 
@@ -130,10 +131,9 @@ function ReportActionItemSingle({
             };
         } else {
             // The ownerAccountID and actorAccountID can be the same if a user submits an expense back from the IOU's original creator, in that case we need to use managerID to avoid displaying the same user twice
-            const secondaryAccountId = ownerAccountID === actorAccountID || isInvoiceReport ? actorAccountID : ownerAccountID;
+            const secondaryAccountId = ownerAccountID === actorAccountID || isInvoiceReport ? managerID : ownerAccountID;
             const secondaryUserAvatar = personalDetails?.[secondaryAccountId ?? -1]?.avatar ?? FallbackAvatar;
             const secondaryDisplayName = ReportUtils.getDisplayNameForParticipant(secondaryAccountId);
-
             secondaryAvatar = {
                 source: secondaryUserAvatar,
                 type: CONST.ICON_TYPE_AVATAR,
@@ -150,24 +150,41 @@ function ReportActionItemSingle({
     } else {
         secondaryAvatar = {name: '', source: '', type: 'avatar'};
     }
-    const icon = {
-        source: avatarSource ?? FallbackAvatar,
-        type: isWorkspaceActor ? CONST.ICON_TYPE_WORKSPACE : CONST.ICON_TYPE_AVATAR,
-        name: primaryDisplayName ?? '',
-        id: avatarId,
-    };
+
+    const icon = useMemo(
+        () => ({
+            source: avatarSource ?? FallbackAvatar,
+            type: isWorkspaceActor ? CONST.ICON_TYPE_WORKSPACE : CONST.ICON_TYPE_AVATAR,
+            name: primaryDisplayName ?? '',
+            id: avatarId,
+        }),
+        [avatarSource, isWorkspaceActor, primaryDisplayName, avatarId],
+    );
 
     // Since the display name for a report action message is delivered with the report history as an array of fragments
     // we'll need to take the displayName from personal details and have it be in the same format for now. Eventually,
     // we should stop referring to the report history items entirely for this information.
-    const personArray = displayName
-        ? [
-              {
-                  type: 'TEXT',
-                  text: displayName,
-              },
-          ]
-        : action?.person;
+    const personArray = useMemo(() => {
+        const baseArray = displayName
+            ? [
+                  {
+                      type: 'TEXT',
+                      text: displayName,
+                  },
+              ]
+            : action?.person ?? [];
+
+        if (displayAllActors) {
+            return [
+                ...baseArray,
+                {
+                    type: 'TEXT',
+                    text: secondaryAvatar.name ?? '',
+                },
+            ];
+        }
+        return baseArray;
+    }, [displayName, action?.person, displayAllActors, secondaryAvatar?.name]);
 
     const reportID = report?.reportID;
     const iouReportID = iouReport?.reportID;
@@ -192,45 +209,130 @@ function ReportActionItemSingle({
         [action, isWorkspaceActor, actorAccountID],
     );
 
-    const getAvatar = () => {
-        if (displayAllActors) {
+    const getAvatar = useMemo(() => {
+        return () => {
+            if (displayAllActors) {
+                return (
+                    <MultipleAvatars
+                        icons={icons}
+                        isInReportAction
+                        shouldShowTooltip
+                        secondAvatarStyle={[StyleUtils.getBackgroundAndBorderStyle(theme.appBG), isHovered ? StyleUtils.getBackgroundAndBorderStyle(theme.hoverComponentBG) : undefined]}
+                    />
+                );
+            }
+            if (shouldShowSubscriptAvatar) {
+                return (
+                    <SubscriptAvatar
+                        mainAvatar={icons[0]}
+                        secondaryAvatar={icons[1] ?? secondaryAvatar}
+                        noMargin
+                        backgroundColor={isHovered ? theme.hoverComponentBG : theme.componentBG}
+                    />
+                );
+            }
             return (
-                <MultipleAvatars
-                    icons={[icon, secondaryAvatar]}
-                    isInReportAction
-                    shouldShowTooltip
-                    secondAvatarStyle={[StyleUtils.getBackgroundAndBorderStyle(theme.appBG), isHovered ? StyleUtils.getBackgroundAndBorderStyle(theme.hoverComponentBG) : undefined]}
-                />
+                <UserDetailsTooltip
+                    accountID={Number(actorAccountID ?? -1)}
+                    delegateAccountID={Number(action?.delegateAccountID ?? -1)}
+                    icon={icon}
+                >
+                    <View>
+                        <Avatar
+                            containerStyles={[styles.actionAvatar]}
+                            source={icon.source}
+                            type={icon.type}
+                            name={icon.name}
+                            avatarID={icon.id}
+                            fallbackIcon={fallbackIcon}
+                        />
+                    </View>
+                </UserDetailsTooltip>
             );
-        }
-        if (shouldShowSubscriptAvatar) {
+        };
+    }, [
+        displayAllActors,
+        shouldShowSubscriptAvatar,
+        actorAccountID,
+        action?.delegateAccountID,
+        icon,
+        styles.actionAvatar,
+        fallbackIcon,
+        icons,
+        StyleUtils,
+        theme.appBG,
+        theme.hoverComponentBG,
+        theme.componentBG,
+        isHovered,
+        secondaryAvatar,
+    ]);
+
+    const getHeading = useMemo(() => {
+        return () => {
+            if (displayAllActors && secondaryAvatar.name && isReportPreviewAction) {
+                return (
+                    <View style={[styles.flexRow]}>
+                        <ReportActionItemFragment
+                            style={[styles.flex1]}
+                            key={`person-${action?.reportActionID}-${0}`}
+                            accountID={actorAccountID ?? -1}
+                            fragment={{...personArray[0], type: 'TEXT', text: displayName ?? ''}}
+                            delegateAccountID={action?.delegateAccountID}
+                            isSingleLine
+                            actorIcon={icon}
+                            moderationDecision={getReportActionMessage(action)?.moderationDecision?.decision}
+                        />
+                        <Text
+                            numberOfLines={1}
+                            style={[styles.chatItemMessageHeaderSender, styles.pre]}
+                        >
+                            {` & `}
+                        </Text>
+                        <ReportActionItemFragment
+                            style={[styles.flex1]}
+                            key={`person-${action?.reportActionID}-${1}`}
+                            accountID={parseInt(`${secondaryAvatar?.id ?? -1}`, 10)}
+                            fragment={{...personArray[1], type: 'TEXT', text: secondaryAvatar.name ?? ''}}
+                            delegateAccountID={action?.delegateAccountID}
+                            isSingleLine
+                            actorIcon={secondaryAvatar}
+                            moderationDecision={getReportActionMessage(action)?.moderationDecision?.decision}
+                        />
+                    </View>
+                );
+            }
             return (
-                <SubscriptAvatar
-                    mainAvatar={icon}
-                    secondaryAvatar={secondaryAvatar}
-                    noMargin
-                />
-            );
-        }
-        return (
-            <UserDetailsTooltip
-                accountID={Number(actorAccountID ?? -1)}
-                delegateAccountID={Number(action?.delegateAccountID ?? -1)}
-                icon={icon}
-            >
                 <View>
-                    <Avatar
-                        containerStyles={[styles.actionAvatar]}
-                        source={icon.source}
-                        type={icon.type}
-                        name={icon.name}
-                        avatarID={icon.id}
-                        fallbackIcon={fallbackIcon}
-                    />
+                    {personArray?.map((fragment) => (
+                        <ReportActionItemFragment
+                            style={[styles.flex1]}
+                            key={`person-${action?.reportActionID}-${actorAccountID}`}
+                            accountID={actorAccountID ?? -1}
+                            fragment={{...fragment, type: fragment.type ?? '', text: fragment.text ?? ''}}
+                            delegateAccountID={action?.delegateAccountID}
+                            isSingleLine
+                            actorIcon={icon}
+                            moderationDecision={getReportActionMessage(action)?.moderationDecision?.decision}
+                        />
+                    ))}
                 </View>
-            </UserDetailsTooltip>
-        );
-    };
+            );
+        };
+    }, [
+        displayAllActors,
+        secondaryAvatar,
+        isReportPreviewAction,
+        personArray,
+        styles.flexRow,
+        styles.flex1,
+        styles.chatItemMessageHeaderSender,
+        styles.pre,
+        action,
+        actorAccountID,
+        displayName,
+        icon,
+    ]);
+
     const hasEmojiStatus = !displayAllActors && status?.emojiCode;
     const formattedDate = DateUtils.getStatusUntilDate(status?.clearAfter ?? '');
     const statusText = status?.text ?? '';
@@ -261,18 +363,7 @@ function ReportActionItemSingle({
                             accessibilityLabel={actorHint}
                             role={CONST.ROLE.BUTTON}
                         >
-                            {personArray?.map((fragment, index) => (
-                                <ReportActionItemFragment
-                                    // eslint-disable-next-line react/no-array-index-key
-                                    key={`person-${action?.reportActionID}-${index}`}
-                                    accountID={actorAccountID ?? -1}
-                                    fragment={{...fragment, type: fragment.type ?? '', text: fragment.text ?? ''}}
-                                    delegateAccountID={action?.delegateAccountID}
-                                    isSingleLine
-                                    actorIcon={icon}
-                                    moderationDecision={getReportActionMessage(action)?.moderationDecision?.decision}
-                                />
-                            ))}
+                            {getHeading()}
                         </PressableWithoutFeedback>
                         {!!hasEmojiStatus && (
                             <Tooltip text={statusTooltipText}>
@@ -290,7 +381,5 @@ function ReportActionItemSingle({
         </View>
     );
 }
-
 ReportActionItemSingle.displayName = 'ReportActionItemSingle';
-
 export default ReportActionItemSingle;
diff --git a/src/pages/home/report/ReportActionsListItemRenderer.tsx b/src/pages/home/report/ReportActionsListItemRenderer.tsx
index ff1c2431ca8b..63b2cb43d836 100644
--- a/src/pages/home/report/ReportActionsListItemRenderer.tsx
+++ b/src/pages/home/report/ReportActionsListItemRenderer.tsx
@@ -171,7 +171,7 @@ function ReportActionsListItemRenderer({
             displayAsGroup={displayAsGroup}
             shouldDisplayNewMarker={shouldDisplayNewMarker}
             shouldShowSubscriptAvatar={
-                ReportUtils.isPolicyExpenseChat(report) &&
+                (ReportUtils.isPolicyExpenseChat(report) || ReportUtils.isInvoiceRoom(report)) &&
                 [
                     CONST.REPORT.ACTIONS.TYPE.IOU,
                     CONST.REPORT.ACTIONS.TYPE.REPORT_PREVIEW,