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.
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.
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.
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.
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.
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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