Two company issue

Debra Denby
Debra Denby Member Posts: 1
edited April 2020 in Accounts Hosted
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.

Comments

  • Sheryl_10313093
    Sheryl_10313093 Member Posts: 57
    edited April 2020
    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? 
  • Lee_8688889
    Lee_8688889 Member Posts: 84 ✭✭
    edited January 2020
    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.