RE: How do you split a vendor bill across subsidiaries?

We have two subsidiaries in an organization that share many resources, and there are many “one-time” instances where we split the bill…holiday parties, office supplies of which the order is different every time, uniforms, etc. How we can split a vendor bill that we receive so that both subsidiaries can pay their share?

Kayla Jane Rookie Asked on May 11, 2020 in Accounting.
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3 Answers

The new self-balancing transactions in combination with the standard Intercompany transactions would accomplish this.

Rookie Answered on July 22, 2020.

Thanks! Do you have a resource that explains this new transaction?

on July 23, 2020.
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