If you are in the US, then each company is required to have its own accounting file, even if you are a sole proprietor. You just include one schedule C for each company in the 1040 filing.
Moving funds between companies will depend on how the companies are taxed, if both […]
Resolution for 'accounting file issue: 'Transfer funds between two companies' available: Yes.
The accounting file 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 accounting file issue yourself by looking for a resolution described in the article. If it is a complex accounting file issue or you are unable to solve the issue, you may contact us by clicking here or by using other accounting file support options.
For more information about resolving issues related to accounting file in Quickbooks/QBO or to get support for the issue 'Transfer funds between two companies', click the link below: