Correcting bank balance when moving from old company to new one
I have a company that closed end of 2020 (company A) and a new company started 1/1/2021 (company B). All transactions for company B were run through company A's bank account for January. I have since created a "bank account" in Company B's COA so I could move all the transactions from January into Company B's QBO. I have one transaction that I am not sure how to handle.
One invoice from Company A was paid in January. I do not want to move the payment since I want to show and report that all AR has been collected for Company A. How do I show that income on the Company B bank account without really showing it as income so that the balance is right? I am worried that I will end up reporting the income twice.