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Question

Reimbursement between 2 companies

Forum|Forum|1 year ago
October 9, 2024
1 reply
10 views

I need to figure out a couple of things.

Company A paid a vendor for an improvement for Company B.

Company B needs to reimburse Company A.

How is the best way to post this?

How do I get the 1099 for the vendor to show up in Company B?

QuickBooks Desktop

Level 5

I just ran across this and was wondering what you ultimately did?

Bottom line is that A gave B a loan. So I'm assuming you put the payment to the Vendor in against a short term loan to B? Then B repaid the load to A and put it in against Repairs? Capital Improvements? Some sort of Expense? (What did the CPA say it should go in as for the taxes?)