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Cristian
Level 1

I have 2 companies for qb online, that are linked I made a mistake paying using the other company bank account. How I can fix these transactions between my companies?

 
5 Comments 5
FritzF
Moderator

I have 2 companies for qb online, that are linked I made a mistake paying using the other company bank account. How I can fix these transactions between my companies?

Thanks for visiting the Community, @Cristian.

 

Based on that information, you can delete the incorrectly paid transaction(s), then recreate it. Then pay it using the correct company bank account.

 

Here's how to delete it:

 

  1. In QuickBooks Online (QBO), go to the Expense menu and locate the transaction(s).
  2. Select it to open, then click More at the bottom and choose Delete.

 

Once done, you can now proceed with recreating it.

 

Just in case, I'll add this article for future reference: Void or delete transactions in QuickBooks Online.

 

Please let me know if you have any other issues or concerns, and I'll get back to you as soon as possible. I'm always here to help. Have a wonderful day!

Cristian
Level 1

I have 2 companies for qb online, that are linked I made a mistake paying using the other company bank account. How I can fix these transactions between my companies?

Thank you for your help,

 

But the payment whent from a different bank account  both companies are separate as the bank, in one the bill still outsanding and on the other a payment form the bank whent out with no bill for that payment.

also both companies make trade between them, how I can fix it between both accounts.

FritzF
Moderator

I have 2 companies for qb online, that are linked I made a mistake paying using the other company bank account. How I can fix these transactions between my companies?

Thanks for getting back to me, @Cristian.

 

There are two ways that I can think of to fix this based on what you've shared above. The first one is to create a Journal Entry (JE) on the company where the bill resides. Debit Accounts Payable (AP), then Credit Liability (this can be used as a payment to the bill. However, before doing so, I suggest consulting your accountant for further assistance with the process to ensure your books are accurate.

 

Here's how to make a JE:

 

  1. In QBO, go to the + New button at the top left to get to the Journal Entry.
  2. Enter the necessary information.
  3. Hit Save and Close once done.

 

For the company who made the payment, create an Expense, and use an asset account (receivable from the paid bill). This can be done by going back to the + New button, then choose Expense.

 

Just in case, I'll add these articles for future reference:

 

 

Please know that I'm only a post away if you have any other concerns or questions. I'm more than willing to assist. Have a good one!

ritransport19
Level 1

I have 2 companies for qb online, that are linked I made a mistake paying using the other company bank account. How I can fix these transactions between my companies?

No, in QB i have one company, but in payroll intuit i create four the same name company! how I can delete tree. Service fee were charged twice?  But i have only one company! Please help me!

MaulikH
QuickBooks Team

I have 2 companies for qb online, that are linked I made a mistake paying using the other company bank account. How I can fix these transactions between my companies?

Hey there, Ritransport19.

 

Thanks for reaching out to the QuickBooks Community. If you're looking to remove your multiple companies from the payroll account I recommend contacting our phone or chat support teams. They'll be able to have them removed and service fee reversed if possible. To contact them follow the steps below:

 

  1. Sign in to your QuickBooks Online Company.
  2. Click (?)Help at the upper right corner.
  3. Select Contact Us on the pop-up.
  4. Enter what you're needing assistance within the How can we help? field and choose Continue.
  5. Click Get a callback or Start Messaging.
  6. Enter your contact information.

Please let me know how it goes. I look forward to your success and hope to hear from you soon.

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