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cadworksjs
Level 1

Reimbursement between 2 companies

I need to figure out a couple of things.

Company A paid a vendor for an improvement for Company B.

Company B needs to reimburse Company A.

 

How is the best way to post this?

How do I get the 1099 for the vendor to show up in Company B?

1 Comment 1
Pete_Mc
Community Champion

Reimbursement between 2 companies

I just ran across this and was wondering what you ultimately did?  

 

Bottom line is that A gave B a loan.  So I'm assuming you put the payment to the Vendor in against a short term loan to B?  Then B repaid the load to A and put it in against Repairs? Capital Improvements? Some sort of Expense?  (What did the CPA say it should go in as for the taxes?)

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