Accountant needs to properly record inter-company expenses paid from one LLC's bank account to another LLC's operations without blurring corporate boundaries.
QuickBooks Online doesn't have a built-in feature to link a bank account from one legal entity (LLC B) into another entity's (LLC A) books while correctly tracking the liability and maintaining corporate separateness without manual workarounds.
Workarounds Described
- connects bank account in read-only mode and records expenses via manual journal entries
- carries balance as a liability manually
Implied Software Gaps
- Automated inter-company transaction recording that links a bank account from one entity into another's books while correctly tracking the liability
InterCo Ledger Bridge
InterCo Ledger Bridge is a SaaS add-on for QuickBooks Online that allows bookkeepers to connect bank accounts from a separate legal entity in read-only mode, automatically categorizing expenses as inter-company loans and maintaining a clear liability balance. It preserves corporate veil integrity while eliminating manual journal entries and spreadsheets.
- Read-only bank feed from any QuickBooks Online company into another company's books
- Auto-categorization of transactions as inter-company loans with configurable mapping rules
- Real-time liability balance tracking between entities
- Audit-ready reports showing all inter-company activity
Existing Solutions Mentioned
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