Multiple companies under same ownership. Company B is dormant, so bank account was closed and all funds transferred to company A bank account, as a loan. Now company B has a $250 unexpected bill and no funds. Can company A pay the bill from the loaned funds, without having to record various transactions in both A and B?
Solved! Go to Solution.
@Rustler Thanks! Can I enter the loan liability as expense on a bill instead of directly on the payment? Not sure if that makes a difference.