how to deal with a bill payment I paid for my customer

lili3

I have two company A and B. A sales production to B.

B need to pay a bill but I use A's credit card to pay it.

So I created a purchased order in B's account.

How to deal with the credit card transaction in A's bank feed, and how to record Journal Entry, which is debit and which is credit?

 

Genreve_S

Hi @lili3

 

I get that you need to use one business to pay for another’s expenses. Usually, we create a new account to allocate those transactions. However, I recommend talking to an accountant or financial advisor, as we can't provide financial advice.

 

Feel free to start a new thread if you need any other help.

 

Thanks,
Genreve