Transfers and 'due to / due from' between your businesses
Moving your own money isn't a sale or a cost — and when one business pays another's bills, it's a loan between them.
Transfers and "due to / due from"
When you move money between your own accounts, it's a transfer — not revenue or an expense. We match the two sides so it nets to zero and doesn't distort your profit.
When one of your businesses pays another's bills, that's recorded as "due to / due from" — a receivable on one side and a payable on the other — so each company's books stay clean.
We're expanding this guide
A fuller explainer with examples is on the way.
What this article will cover
- Why transfers must be matched (and how we spot them)
- Intercompany "due to / due from" in plain English
- What we need from you to identify transfers correctly
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