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August 31, 2023
Question

Reimbursement of payroll costs from my sister company in QuickBooks

  • August 31, 2023
  • 1 reply
  • 0 views

I have two related companies. The main one has several employees and handles payroll for employees through QuickBooks, while the other is much smaller and only has one employee. Since my smaller company doesn't have a QuickBooks account, I manage my only employee's payroll through my main company and then reimburse my main company for all the payroll costs. What is the best way to record the reimbursement from my sister company to the main one?

1 reply

Candice C
August 31, 2023

Good afternoon, @esscater123

 

Thanks for stopping by the Community! I hope your day is going well so far. 

 

Based on the question you asked, I recommend getting in touch with your accountant and consulting with them. You'll be able to discuss other business details with them and they'll give you the best advice so that everything will be properly recorded for your books. 

 

Keep us updated on how the conversation goes with your accountant. Bye for now!