How do I invoice a sister company but not record it as revenue but instead have the Invoice amount be equity not revenue
We have a sister company where we expend labor and resources to support that company. I want to record the amount of effort as an invoice but the invoice amount should be recorded in a Equity account to represent that amount expended supporting that company
How do I invoice a sister company but not record it as revenue but instead have the Invoice amount be equity not revenue
That will definitely account for the equity contribution - but will still leave a balance on the Customer account. Assume that is then Written Off via a Credit Memo allocated to write off or Bad debt (e.g 63000 Uncollected Debt)? But that will artifically inflate expenses, no?
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