We have several independent functioning groups/departments that we denote using different classes in QBO. Each group has its own bank account, etc. Occasionally one group will pay expenses for another group, and then is later reimbursed. What is the best method of handling this reimbursement so that cash balances are affected by P&L balances are not?
create a liability account, create an item that is linked to that liability account Use that item on an invoice when A pays B expense B pays it to A A receives payment
independent functioning groups? If they are each a business, then there is a problem, each must have their own set of books.
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.
