QB Issue Resolution:

Set B up as a customer

create a service item called dumpster fee and select an income account, other income wouuld be my suggestion

pay the expense for the dumptster

invoice company B and receive payment

on the P&L income is reduced by expense, so in this case if there were no other transactions the P&L would look something like

income, 50

expense, 100

net income, -50

-50 is your expense for the dumpster

Resolution for Issue 'My business (business A) and another’s split our dumpster fee. Business B pays me $50 for his share. What’s the best way to label these monies coming in and what’s the best transaction to offset our costs? I’m assuming they aren’t taxable income. (quickbooks online)' available: Yes (Solved).
Source: Intuit Community forum.

My business (business A) and another’s split our dumpster fee. Business B pays me $50 for his share. What’s the best way to label these monies coming in and what’s the best transaction to offset our costs? I’m assuming they aren’t taxable income. (quickbooks online): 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 business expenses
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Error Recovery for business expenses [Canada]
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