The inter-co balances may be debit or credits depending on who owes.  If you know in advance that one co will always be borrowing and another will be lending, then set them us as liabilities & assets respectively.  But if you don’t know, or if the balances float back and […]

Resolution for 'balanace sheet issue: 'What is the correct why to set up Intercompany accounts between separate Companies, are they asset accounts?' available: Yes.

The balanace sheet 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 balanace sheet issue yourself by looking for a resolution described in the article. If it is a complex balanace sheet issue or you are unable to solve the issue, you may contact us by clicking here or by using other balanace sheet support options.

For more information about resolving issues related to balanace sheet in Quickbooks/QBO or to get support for the issue 'What is the correct why to set up Intercompany accounts between separate Companies, are they asset accounts?', click the link below: