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M
mcervac
February 15, 2024
Question

Multiple LLC

  • February 15, 2024
  • 2 replies
  • 3 views

We have 6 LLC companies that role up to a parent company. The parent company has the checking account. So every transaction (AP, AR, GL, etc) has an intercompany transaction. We currently use sage timberline, and this software is set up to automatically perform all the intercompany transactions in the background. For reference, this is about 500-600 intercompany transactions performed in the background automatically every month. Is this something that Quickbooks can support? I appreciate any advice. 

Thank you

Melody

2 replies

Bryan_M
Bryan_MQuickBooks Team
QuickBooks Team
February 15, 2024

Welcome to the Community space, @mcervac.

 

Let me direct you to the best help for your Intercompany transactions setup.

 

Please know that Sage Timberline software is out of QuickBooks' scope. With that in mind, I recommend contacting their live support. You can ask specific questions about your intercompany setup and acquire exact advice to achieve your goal.

 

You might want to add users to your QuickBooks Online (QBO) account to help you manage it. Feel free to read this article: Add and manage users in QuickBooks Online.

 

For additional questions about managing your companies and their transactions, click the Reply button below. I'll be willing to help. 

4
4Gal
Level 5
February 16, 2024

@mcervac 

Consider to use QB Desktop, not QB Online.

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