QB Issue Resolution:
a journal entry is not necessary. write a check from company 1 to company 2. use “Loan to Company2” as the account and make it an Asset type account.
in Company 2, enter a new deposit of that check and make it a Liability type account called “Loan from Company1.”
Resolution for Issue 'Journal Entries – Company 1 to Company 2' available: Yes (Solved).
Source: Intuit Community forum.
Journal Entries – Company 1 to Company 2: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.Support for Company 1 to Company 2
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Error Recovery for Company 1 to Company 2 [Canada]
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