Transfers between 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.
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". One company has a receivable, and the other has a payable. That keeps each company's books clean.
Transfers should not change your profit. If money moved between accounts owned by the same business, Uplinq matches both sides. If one entity paid another entity's cost, Uplinq may record a due to / due from balance so each business stays separate.
Transfers inside one business
These are usually transfers:
- business checking to business savings;
- business checking to business credit card payment;
- one connected business account to another connected business account;
- a Stripe, Square, or merchant payout clearing into the bank after sales activity is recorded separately.
If both sides are connected, Uplinq can often match the money going out of one account to the money coming into the other.
Transfers between owner and business
Money between your personal account and the business may be owner activity instead of a business expense or sale.
Common examples:
- you move personal funds into the business to cover cash flow;
- you take money out of the business for personal use;
- you pay a business expense from a personal card;
- the business pays a personal expense.
Those may be recorded as owner contributions, draws, distributions, or reimbursements depending on the facts.
Due to / due from between businesses
If you own more than one business, one entity may sometimes pay another entity's cost. That does not mean the paying company had the expense.
Instead, Uplinq may record:
- due from on the business that paid and should be repaid;
- due to on the business that benefited and owes the other business.
This keeps each company's Profit & Loss from picking up the wrong expense.
What to tell Uplinq
When a transfer is not obvious, add a comment with:
- which accounts or entities were involved;
- whether it was a business transfer, owner transfer, loan, reimbursement, or mistake;
- whether another transaction is the matching side;
- whether one entity paid on behalf of another.
You do not need accounting language. "This moved from LLC A to LLC B to cover payroll" is enough context for your bookkeeper to review.