Check created in Company A printed on Company B check (bank account) in error

Thank you for outlining the details of your concern, @masock14. I can help you move your money from one company to another to sort this issue out with your company A.

Since you're transferring money from company B to company A, you'll need to record a two-sided transaction by creating a Check or Expense to record the fund transfers out of one business, then receive the funds into the other business. Before doing so, it's best to consult your accountant to ensure that you record these transactions in accurate accounts based on your situation. I'll show you how:

1. Sign in to QuickBooks Online (Company B)
2. Click + New and select either Check or Expense under Vendors,
3. Choose the bank account the funds are coming from.
4. Enter the Payee, Payment Date, and Payment Method (optional).
5. Under Category details in the Category column, select an Asset or an Equity account to reflect the funds going out of the business.
6. Enter the amount to transfer in the Amount column.
7. Tick Save and close.

Once done, log in to QuickBooks Online (Company A) and make a bank deposit to receive the fund transfer from the other company to show the vendor as paid. Here's how:

1. Go to + New and select Bank Deposit under Other.
2. Choose the bank account the funds are going to.
3. Enter the Date.
4. In the Add funds to this deposit section, optionally specify who the funds were Received From.
5. From the Account column drop-down menu, select an Equity or a Liability account to reflect the funds coming into the business.
6. Enter the amount received in the Amount column.
7. Click Save and close or Save and new.

When everything is all set, you might want to utilize these articles to help you organize your transactions flawlessly:

• Categorize and match online bank transactions in QuickBooks Online
• Reconcile an account in QuickBooks Online

If you require additional assistance with managing your business funds and transactions, please let me know. I'll be here to take care of them for you. Have a wonderful day, and remember to stay safe! 

@masock14 

There are a few steps to fix this:

1) Set up two new accounts: In Co. A, set up a bank account called 'Clearing Account'.  In Co. B, set up an other current asset account called 'Due from Co. A'.

2)  In Co. A, reassign the bank account used on the bill payment or check to the newly-created Clearing Account.  This keeps the expense recorded as of the proper date but removes the cash payment that did not occur because of the printing error.  Then, write a check to reimburse Co. B and assign the 'Clearing Account' to the check.

3)  In Co. B, Create a check for the check printed in error.  Assign the newly-created 'Due from Co. A' other current asset account to the check. Then, make a deposit for the reimbursement received from Co. A and assign the same 'Due from Co. A' account to the deposit.

This will keep the expense recorded properly in Co. A and keep all of this off the financials from Co. B except for the withdrawal and deposit for the check printed in error and the subsequent reimbursement deposit.