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August 18, 2020
Question

How do I account for Intercompany inventory transfers?

  • August 18, 2020
  • 1 reply
  • 9 views

I have two separate QB Enterprise accounts for two different businesses with the same product services.  Daily company A, transfers inventory to company B.  How do I properly account for these transactions in QB?  Without increasing revenue...  

 

 

 

1 reply

Level 1
August 19, 2020

Hi @Jml0105 , it must be one company sells to the other company. Because if just transfer, one company gonna be expensed and another granted gonna be granted (no money exchange). Comment back, cheers.

Jml0105Author
August 21, 2020

Hello, 

Yes, not money exchanged only merchandise. 

 

Jml0105