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Post Info TOPIC: Inter company loan?
Dirky


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Inter company loan?
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Hi,

hope you can help :). I have 2 companies, A and B lets call them.

I am using Xero for both.

I want company A to loan money to company B, no interest, just a straight forward loan to be paid back at some point. Maybe or maybe not in instalments.

I am creating a 'spend money' transaction in A to show the money going out to B. However I am not sure what nominal code to put this against? 
When I send money back from B, I assume I just receive the money back in to the same account.

At company B I assume I use a 'receive money' money transaction for the incoming loan. What code should I put this against do you think?

Many thanks!

D

 



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