USA Posting final transaction for closed company

[slicksmith]

We have an S-Corp setup as a QuickBooks company file and an LLC setup as a separate QuickBooks company file. We are closing the S-Corp and when I went to close its checking account, the bank would only issue a cashier's check for the final balance in the dba name, which luckily is the same dba as the LLC. My intention is to deposit this check into the LLC account, but I don't know how to do the transactions. I cannot use an Account Transfer because they are separate company files. Any suggestions?

 

[smallbushelp]

Well, the first thing that comes to mind is simply "other income." That would be reflected as non-operating income at the bottom of the income statement. But, since you own both entities, it could also be considered a member contribution to the LLC.