Customer Payments

Recording customer payments into two businesses is an easy process, lmcvan8.

You can create a deposit to record the $100 check. Here's how

1. Go to the Banking menu and select Make Deposits.
2. On the first line, choose the customer name in the Received From column.
3. In the From Account column, choose Accounts Receivable. Then, enter $20 for the amount.
4. On the second line, select Clearing Account and enter $80 for the amount.

Once done, proceed to the invoice and apply the $20 credit you created for Company A. Here's how:

1. Go to the Customer menu and select Create Invoice.
2. Click Find and enter the invoice date or amount to easily locate it.
3. Click on Apply Credits.

Lastly, issue a payment to Company B, assign the Clearing Account, and receive the $80 payment.

Check this article for additional details: Transfer customer credit from one job to another in QuickBooks Desktop.

This process guarantees financial records are accurate.

In addition, you can personalize your sales forms to add details on what matters to you the most: Use and customize form templates.

If you have any further questions related to customer payments or other concerns, please add them in the comments. I'll be available to help.

@lmcvan8 

There are a number of ways this can be recorded.  Personally, I like to make a deposit in Co. A for $100 with $20 assigned to A/R for that customer and $80 to a bank Clearing Account (set one up if you don't have one).  Then, apply the $20 credit created by the deposit to the invoice in Co. A.  Then, issue a payment to Co. B and assign the Clearing Account to the payment.  Finally, receive the $80 payment in Co. B as though it came from the customer.