QB Issue Resolution:

You are describing Barter:

“That worker is also a tenant in the second company. Instead of paying the worker, my client applied his labor toward his rent in the second company. How do I post this in QB?”

Payroll in Company A, with a Net Pay deduction item that is the amount of the rent. Link this to an Other Current Asset account.

Write a check from Company A to Company B and pay out that Asset account amount.

Company B processes Rent Check as usual.

Resolution for Issue 'transactions involving two company files' available: Yes (Solved).
Source: Intuit Community forum.

transactions involving two company files: 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 account amount
Quickbooks Repair Pro will resolve it efficiently and affordably. Guaranteed resolution of your issue, or you pay nothing!

Error Recovery for account amount [Canada]
E-Tech is the #1 Quickbooks data migration and Conversion service provider.

Get 50% off Quickbooks Online

Click Here for 50% off!

Additional Support Options: