If we accepted payment from a customer for services performed by a subsidiary, how do I move that payment to the sub?

You can transfer the payment into the subsidiary in the +Create button in QuickBooks, Susan.

Since the accounts belong to separate company files, the transactions need to be processed as either an expense or check by one company and recorded as a deposit by the other company.

For accurate record-keeping, I recommend consulting with your accountant to ensure everything is recorded correctly.

Here’s how you can transfer the payment to a subsidiary:

1. Select +Create.
2. Choose either Check or Expense.
3. Select the bank or payment account from which the funds are coming.
4. Enter the Payee, Payment Date, and the Payment Method (optional).
5. In the Category column, select an Asset or Equity account to reflect the funds going out of the business.
6. Enter the transfer amount in the Amount column.
7. Click Save and close or Save and new.

For further details, feel free to review this helpful article: Transfer funds between companies.

If you have any additional questions, don’t hesitate to reply to this thread.