we own two companies, both are in Quickbooks. I want to "sell" an asset from one company to the other company. How do I post this in the GJ?
Hi,
01.Assuming you have two separate company files in QB
02. E.g. Company A sells to Company B
In the company A QB file enter it as follows
Debit Bank/Cash/Current Account
Credit Asset
In the company B QB file enter it as follows
Debit Asset
Credit Bank/Cash/Current Account
Feel free to contact me for any clarifications.
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