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M
Mpayne_816
August 19, 2020
Question

Posting credit to account balance when that company has 2 separate companies

  • August 19, 2020
  • 1 reply
  • 0 views

My small business does business with a very large corporation that has 2 large companies that they bill as separate companies.  But when they pay they pay as one company and when they take credits they will take the credit that is due to one company and pay the others bills. How would you post that is quickbooks?  We have them set up as 2 separate companies. 

1 reply

J
JamesM
August 19, 2020

Hi there, 

 

Making sure you're recording your transactions the right way is a good exercise for preventing errors in your books. I'd be happy to steer you in the right direction so you can focus on doing the things you enjoy. 

 

To ensure accuracy in your books, I recommend contacting an accounting professional to get more info on recording the transactions. Doing this will help prevent any future discrepancies in your books. If you're not in contact with one, I encourage you to search for one on our website using this link here.

 

I'll also leave this question here so other accounting professional members can chime in. Let me know if you have other questions. I'm here to help.

 

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