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Old 12-28-2017, 11:13 AM
jgs9526 jgs9526 is offline
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Intercompany Transfer of Vendor Credit

Hi, I am in the process of fixing and taking over the books for a company with two different company files. A payment was made to a vendor from Company A but all the invoices need to be booked out of Company B. How do I move the credit from Company A to Company B? Do I need to change the payment made from Company A to the vendor to be made to Company B? Sorry if this is confusing. TIA for any and all advice.
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Old 12-29-2017, 05:34 AM
Rustler Rustler is offline
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Have company B write you a check, and use their usual expense account for whatever it is for.

You deposit the check, use accounts payable/vendor name as the source (from) account for the deposit

use pay bills, select the bill the deposit created and apply the credit
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