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HeatherL2
December 5, 2019
Question

Deposit one payment to 2 different companies

  • December 5, 2019
  • 1 reply
  • 0 views

We have 3 companies.  Some customers buy from  2 or 3 companies and pay with one wire transfer, ach or eft to the one main company.  How do I apply this payment to match the bank statement?   For example the payment is $1,000.  Company A's invoices total $800 and Company B's invoices total $200.  The wire is transferred in total of $1,000 to the bank account for Company A.  How do I show this in Quickbooks correctly?  How do I record the extra $200 in Company A that I need to transfer to Company B?

1 reply

L
LauraAB
December 5, 2019

Hello HeatherL2,

 

Welcome to the QuickBooks community! It's awesome that you're using QuickBooks Desktop to manage your businesses' books. I'll do what I can to help with this situation.

 

How you handle this situation depends on how you have things set up in your company file, whether each business is its own company file, and other details such as that. For that reason, I recommend speaking with an accountant to work through this situation. It's important to me that you're able to record this correctly in your books, no matter what your situation is.

 

There are several accountant users here in community who may chime in, but if not, here's how you can find a QuickBooks-savvy accountant to help you out. Go to our Find an Accountant page and then enter your postal code to search for accountants in your area that know the program.

 

All the best to you!

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