Multiple self-owned customer and vendor accounts

Mark474

Say I have multiple companies; A, B, and C; they sell and buy from each other. Thus, each company needs to invoice and also bill the other companies - please remember that these are all my companies and each has a separate bank account.
So say A issues an invoice to B, or B issues an invoice to A or C; is there any way to set this up so that these transactions reflect in the companies' respective bank registers? Is there any way to link different AR's or AP's to different bank accounts?

Quicken Harold

Hello Mark. Appreciate your question. 

Which version of Quicken are you using? https://getsatisfaction.com/quickencommunity/topics/add-your-quicken-information-to-your-posts-plus-...

Please let us know so that we can best help you.

Respectfully,
~ Quicken Harold.

Mark474

Mark474

Bump

UKR

volvogirl

Do you have the companies setup in separate data files or all in the same file?

NotACPA

Mark474

volvogirl said:

Do you have the companies setup in separate data files or all in the same file?

All in the same data file.

Mark474

mshiggins

From C. D. Bales:


Payments of invoice transactions (PMT) are deposited in (Accounts Receivable invoices) or withdrawn from (Accounts Payable invoices) non-invoice accounts ... which are probably typically real-world checking accounts.



You can't miss this: when you create a Quicken invoice payment transaction {which can be entered directly in the Receivable or Payable account, or by opening the invoice and choosing "Receive payment" (Receivable) or "Create payment" (Payable)}; the payment MUST be deposited to (or withdrawn from) a non-invoice/non-investment account.



In Quicken a Customer is different than a Vendor. Each is created in the Address Book.



But you can tell Quicken to classify a single Address Book name as both a Customer and a Vendor.



You can create Accounts Receivable invoices for Customer Joe Johnson, and Accounts Payable invoices for Vendor Joe Johnson.



As noted earlier by UKR, you can assign different Business Names to Accounts Receivable invoices and Accounts Payable invoices. But you can also assign the same business name to Accounts Receivable invoices and Accounts Payable invoices. Using separate Business Tags for each Accounts Receivable business and each Accounts Payable business, will allow the user to group financial info by Business.



[Also as noted earlier: invoices are never "reflected in [any] bank registers" - only payments are ever "reflected". in "bank registers".]