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lili3's avatar
lili3
Member
2 years ago

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

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?

 

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1 Reply

  • Genreve_S's avatar
    Genreve_S
    MYOB Moderator
    1 year ago

    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

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