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Is this possible?
An associate, overpaid an invoice (entered incorrectly) in company A, and the remainder went against an invoice associated with company B.
Is there a simple way to create the overpayment (credit memo) and transfer than to company B to: 1) show the money is owed to A from B, and 2) Pay against pending invoices in B.
The vendor being paid has the same vendor # in both companies.
To answer my own question, I did the following.
Created a GL entry showing that company B owes A, via credited the expense acct, and debiting the "asset" account.
In B, I created a credit memo to reflect the debt to A, via the liability acct and therefore crediting A's asset account.
If there was a better way, please do tell.
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