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Christine2022
April 11, 2022
Question

How can i post a bill to an intercompany GL? I am getting an error message. For example, i must post an invoice to an Intercompany Receivable account.

  • April 11, 2022
  • 1 reply
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1 reply

LeithG
LeithG
April 11, 2022

Hi Christine

 

Because a "Bill" is typed as an AP transaction in QBO, you cannot post it to an AR type account (intercompany); instead, you'll probably need to post it as a journal entry instead.

Debit: Intercompany/Accounts Receivable

Credit: Cash (the amount paid out for the bill)

C
Christine2022Author
April 11, 2022

I cannot post this as a journal entry, as it is an actual bill that will require a payment.  I guess i will have to post to a different GL account and then do a journal entry to correct.

LeithG
LeithG
April 12, 2022

Hi Christine

 

In the journal entry, place your bill as Accounts Payable with the credit of the bill amount, on line 2 enter it as accounts receivable (or your interco account); this will work - just tested it.

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