Single Receivables payment for multiple companies

HeatherL21 · ‎January 28, 2020

I've asked this question before and was told to make a Barter Account or a Clearing Account. I have a $1000 check made out to Company A. $800 is for Company A. $200 is for Company B. The $1000 is directly deposited into Company A's bank account. I cannot figure out even with a clearing account how I am moving the $200. I want to deposit the whole $1000 in Quickbooks in Company A because it won't match my bank statement otherwise. Please help!

JenoP · ‎January 28, 2020

You can deposit the entire $1000 to company A so you it will match your bank statement, HeatherL21.

Then, move the $200 out of company A via expense or check and use the barter/clearing account that you created.

Then, switch to the second company and move the $200 to Company B using a deposit. Follow the same steps in the other post you've made last month on how to complete the process.

Here's the link: https://quickbooks.intuit.com/learn-support/en-us/banking/re-how-to-apply-a-single-payment-to-multip....

Add a reply or post another question if you need anything else when sorting out the payment.

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Single Receivables payment for multiple companies

Single Receivables payment for multiple companies

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