Hi I paid for my invoice from another business account (my second company) How can I deal with this situation? How can I tag it all.
regards
Hi @awariat
You would treat it as a payment from the directors loan account. You would just need to re-balance it by transferring the money back to the business that paid for it.
So let’s say Business B paid for Business A's invoice.
On B, you would need to tag the money out as a transfer to the DLA.
Likewise, on A, you would tag the invoice paid from the DLA.
Each account now shows the same value as owed/owing (assuming there was a zero balance to begin with). When you transfer the money back into the current accounts, you would just tag these as a transfer so it all balances.
Hope that helps?
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