Two company issue
Debra Denby
Member Posts: 1 ✭
I use Reckon Hosted to do the accounts for two companies owned by the same person. He often pays bills using the wrong bank accounts. I have no idea how to enter these properly. Can anyone help me understand the process to correctly use loan accounts to counteract the problem this creates. I am relatively new to Reckon and bookkeeping. I have learnt a lot but need do much more knowledge.
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Comments
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Hi Debra - I understand the position you are in. Unfortunately, Kevin is correct. Kevin, can you advise a decent course etc that she can look into in Australia that might get her started?
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Hi Debra
I have been in a similar situation in the past. There are different approaches you could take for this but it is best that you speak to the business' accountant to determine the best 'consistent approach' to use.0
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