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M
MaryH-Online
February 2, 2022
Question

Common Customer and Vendor

  • February 2, 2022
  • 1 reply
  • 0 views

I have 2 companies that sometimes work together. When a project is complete Company B bills Company A for whatever. Sometimes though Company B owes Company A, instead of the other way around. Without money changing hands, how can I reduce the bills owing to Company B by the amount owing to Company A. For example, Company B bills A $100. Then Company B owes A $50. How can I apply the $50 as a payment from A against the $100 bill from B?

Thanks

1 reply

T
Trish_T
February 2, 2022

Hi MaryH-Online,

 

Thanks for reaching out here. QuickBooks Online has everything you need for tracking your transactions for different locations, outlets, and department for the same company,.  I'll be happy to provide more information so you can get back to what you love!

 

Based on the information you've provided, setting up location tracking would be the feature that best suits your business needs.  You'll be able to see all of the transactions for one location and make group deposits.

 

If you have any other questions, feel free to reach back out.  We'd be glad to assist!

 

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