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Post Info TOPIC: Inter company transfer of funds
Moonraker


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Inter company transfer of funds
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Hi All,

My client has two companies and sometimes transfers round amount sums of money from one company bank account to the other - this is usually when the balance in the receiving company bank a/c is becoming a little low to cover the expenses that the company needs to pay. 

 

Am I right in thinking that these transfers are dealt with via the inter -company loan a/c with a tax code of T9 on Sage? 

 

Many thanks for your help.

 

 

Richard



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MarkS


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Yes

 



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Mark Stewart CA

http://stewartaccounting.co.uk/

Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.
Moonraker


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Posts: 42
Date:
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Mark,

Many thanks for your help.

 

Richard



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