We have one invoice with an amount that relates in part to the main company's accounts and in part to another company's accounts. It was paid for out of the main company's bank account
How do I record this transaction and allocate the required amount to each company?
Many thanks.
Julie
Hi Julie,
You will need to create two separate invoices in Solar Accounts - one for each company. Then in the main company file create an invoice payment as normal followed by a loan to the second company. In the second company file create a new 'loan received from main company' liability account and record the invoice payment as coming from this account.
Please check this with your accountant as he/she may prefer a different approach.
Cheers
