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Intercompany Payments

edited Nov 28, 2019 11:51AM in Accounting / ERP 7 comments

Hi Guys

I have the following scenario I need help with in a multi-company account:

- Company A pays for expenses on behalf of Company B

- In company A's books I have done a journal entry
   Dr Intercompany Account - Co. B
      Cr Bank

- In company B's books I want to raise a Bill as I want the record of the payment to go against the supplier for company B, however when I pay the bill I only get the option to pay it from a bank account and I cannot Cr the intercompany loan account held with company A. So my only option is to pay it from a Bank Account in Company B's books and then do a journal entry transferring the payment amount from the bank account to the loan account.

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