When material is paid by the wrong checking account/wrong company, how do I correctly code that in quick books when entering as an expense?

It's a pleasure to have you here today, Loyd. We'll provide information and walk you through the process to help you while ensuring the transactions are recorded accurately inside QuickBooks Online (QBO).

To start, you'll need to record the entire transaction inside the company to keep your books accurate. Thus, enter the expense and the bank deposit in the wrong company. Once done, switch to the right company to enter an expense and a bank deposit using the corrected information. We'll outline the steps to help you record the deposit:

1. Access your QuickBooks Online company.
2. On the left navigational bar, click the + New button.
3. Select Bank Deposit.
4. From the Account ▼ dropdown, choose the account you want to put the money into.
5. Select the checkbox for each transaction you want to combine.
6. Make sure the total of the selected transactions matches your deposit slip. Use your deposit slip as a reference.
7. Select Save and close or Save and new.

For more details, please see this page: Record and make bank deposits in QuickBooks Online.

Moreover, here are some articles to help you keep track of what is recorded inside the system and how to handle expenses:

• Run reports in QuickBooks Online
• Enter and manage expenses in QuickBooks Online

We encourage you to post here again or comment below if you require further assistance recording the transaction or have other questions about the program. Our team will be around to help you out again. Keep safe.