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Company Reimburseme...
 

Company Reimbursements  

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(@giselle)
Joined: 2 months ago
Posts: 1
25/11/2019 1:50 pm  

Hi there,

I have been hired to clean up and manage the books of a client who has two businesses. Company A is an LLC and is owned outright by my client. Company A also owns a 50% stake in Company B. 

The contractors for Company B uses a credit card issued by Company A for business expenses. How should Company B reimburse Company A? Should Company A invoice Company B for the amounts owed?

Thanks!


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 Bruce
(@Bruce)
Joined: 6 days ago
Posts: 6
02/12/2019 6:06 pm  

That would work. Or you can just do intercompany accounts which eventually would probably have to be paid out, too, in some way or another. Since it is credit cards, it would probably be easier to do intercompany accounts because those can be entered at the time the bill is entered in company A.


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