UK Journals - intercompany transfer


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Morning all

New to the forum but have a question.

Just wondered if anyone could help on a query I have. Two companies A and B. A in the UK and B in Australia - Companies are run separately but have same MD.

Company B (Oz) transfers monies over to Company A (UK) for payment of time the MD has spent on projects over there.

OK thats all fine........when I asked for an invoice to match the payment I was asked if I could just do a journal for these monies. Therefore creating a journal CR sales and DR the bank......therefore no invoice on the system but a journal detailing the transaction as an intercompany transfer.......can this be done?

Thanks
Claire
 
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There should be no problem doing it this way. I would prefer an invoice though which gives details of the time the MD spent working in Australia though!!
 

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