Guides
For bookkeepers whose clients run several related companies, each in its own QuickBooks Online file.
Jump to a topic 6 sections
Intercompany balances that don’t match in QuickBooks Online
The two sides of an intercompany balance don’t match. Where’s the difference?
Why the due to / due from balances between a client’s related QuickBooks Online companies drift apart, and how to find and correct the difference. Read the guide
Due to / due from accounts between related QuickBooks Online companies
How should due to / due from accounts be set up between a client’s companies?
Setting up due to / due from accounts for a client’s related companies in QuickBooks Online, recording both sides, and tying them out each month. Read the guide
Consolidating QuickBooks Online companies into one monthly report
How do I consolidate a client’s QuickBooks Online companies into one report?
The ways to produce one group report from a client’s separate QuickBooks Online companies, and a manual method that keeps each company in its own file. Read the guide
Intercompany eliminations, worked through on a fictional group
What do intercompany eliminations look like on a real month?
A step-by-step example of eliminating due to / due from balances and a management fee between two related QuickBooks Online companies. Read the guide
Management fees between related companies in QuickBooks Online
How do I record a management fee between two of a client’s companies?
Recording a management fee between a client’s related companies in both QuickBooks Online files, keeping the two sides in step, and eliminating it. Read the guide
Free intercompany reconciliation template for QuickBooks Online
Is there a template for tying out due to / due from balances?
A free Excel template to tie out the due to / due from balances between a client’s related QuickBooks Online companies and find each difference. Read the guide