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mcervac
Level 1
posted
‎February 15, 2024 07:40 AM
last updated ‎February 15, 2024 7:40 AM

Multiple LLCs

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

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2 Comments 2
4Gal
Level 11
‎February 15, 2024 08:24 AM

Multiple LLCs

Consider to use QB Desktop Enterprise with this feature. Purchase a new license through a select partner and you will get a perpetual discount on renewals.

 

intercompany in QBD.jpg

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MariaSoledadG
QuickBooks Team
QuickBooks Team
‎February 15, 2024 09:18 AM

Multiple LLCs

Hello there, mcervac.

 

It looks like you've posted this concern twice. My colleague @Bryan_M already provided his answer. You might want to check out this link for more details: https://quickbooks.intuit.com/learn-support/en-us/reports-and-accounting/multiple-llc/01/1397046#M21...

 

Anyway, if there's anything else that you'd like us to help you with, please let us know so we can get back to you as soon as possible. Remember, we always ensure to cover all your needs. Have a nice day!

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