Forum Discussion
2 Replies
Sort By
Replies have been turned off for this discussion
- LRBooks61Ultimate Cover User
Just do what you normally do but in reverse
Receive money against the loan
So in company A you receive money ( the refund) and allocate to the loan for Company B ( reduces the loan)
In Company B receive money to the loan account and allocate it to the gl account for the refund
Hope this helps
Lisa
- LRBooks61Ultimate Cover User
If you can't post to the loan account do a journal entry
DR Loan acc
CR expense account
Lisa