QuickBooks Online (QBO) doesn't have the feature to transfer the item stock list between companies. This functionality is exclusively available in QuickBooks Desktop (QBDT), @2482634449.
Alternatively, you can use Journal entries to track the financial aspect of transferring inventory between companies. However, please note that you will need an accountant to do so.
Here's how you can create Journal entry:
- Click + New.
- Choose Journal Entry.
- On the first line, pick an account from the Account dropdown. Enter the amount in the appropriate column (Debit or Credit) based on your needs.
- On the next line, select the other account involved in the transaction. Depending on whether you entered a debit or credit on the first line, input the same amount in the opposite column.
- Review the amounts—ensure the Debit column on one line matches the Credit column on the other. This ensures the accounts are balanced.
- Add a memo to explain the purpose of the journal entry.
- Once done, select Save and new or Save and close.
If you have additional questions, please leave a reply below. The Community is always here for you.
