QuickBooks offers you some of the greater features to maintain quality support in banking transactions with no worries. You can easily create inter-company accounts and manage inter-company transactions between two or more companies. You can call at quickbooks customer support if you need further assistance. For now, this blog will also be helping you to manage the process of inter-company transactions.
How to create inter-company accounts:
QuickBooks offers you some simple steps to proceed with the inter-company accounts. You can follow the given steps:
How to transfer funds between companies:
Reconcile inter-company bank accounts:
How to record intercompany transactions in QuickBooks?
If you talk about two companies, it denotes two QBO subscriptions. Now suppose these companies are A and B and so you need to create liability account for both companies as mentioned here:
For company A:
You would require to create a liability account from B in company A chart of accounts that will help you to pay expenses due from company B. next you can use that liability account for the payment for other expenses.
For company B:
Once you have created a liability account for company A successfully, then you need to enter a payment to A in the number of expenses paid. Further, you have to use that expense for the payment.
Get customer support for QuickBooks assistance:
If you require further assistance, then you can call at quickbooks customer service number where you will be getting the most promising support and quality assistance to fix your issue proficiently and proceed with the tasks that you are meant to do with QuickBooks.
Read More:- quickbooks contact number
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