Moving stock between company files

mrob

Hi all

1st-time poster :-)

I have 2 company files, both have the same ABN, but the physical warehouses are in different states.

in file 1 I have goods worth $2000, I need to transfer/adjust these into file 2 . I would usually adjust from file 1 at the cost ($2k) and adjust into file 2 ($2k) ... but this will show a stock loss of $2k in file 1 ... I am sure this can be adjusted at 1/24 end or year-end ...but I would like to find a way for it to reflect straight away so that it does not affect my P&L

hope this makes sense, i was hoping there is a transfer section hidden.

cheers

Martin

Acctd4

Hi Martin

Unfortunately not.

Is it actually 2 separate businesses or the one business just with 2 locations ? If the latter, I would just be using the one company file with Classes to track this as it all needs to be reported together for BAS/EOFY 😬