How to Record Intercompany Transactions in Quickbooks

How to record intercompany transactions in Quickbooks details out 2 ways you can record when one company pays an expense on behalf of another company.

I get this question a fair amount and it was time to make a video on how to record intercompany transactions in Quickbooks. This happens when someone owns 2 companies, and one company has an expense that should really be for the other company. In this video, I detail 2 ways on how to record these intercompany transactions. The first way is the most common and the second way can have some pitfalls and should ONLY be used in certain situations. In this video, I detail both and outline the pitfalls. Discover how to record intercompany transactions in Quickbooks with this video!