Yes, co-mingling (between two different companies) is exactly what they are doing and should not be and that is what needs to be explained to the owner in my opinion in order to stop these bad accounting habits.
As mentioned, I recommended they should have two separate credit cards, but if for some reason the owner refuses to do, next best thing is to not have one company make payment on other company AMEX.
Transferring money between companies should not be handled this way to begin with, it should be through proper accounting taking money from one company as draw and investing in the other company or a loan.
Yes, no JE's here, but I believe in explaining what they should expect to see as results on their books even if using the QB functions, otherwise how will they ever know what is right or wrong.
QBTeachment, I think you and I do things differently, I teach clients how to do their own accounting vs. doing it for them, so they can be independent and only need to contact me fo help on new items.
