what is the best way to clear out an intercompany ...
# general
o
what is the best way to clear out an intercompany receivables account that has a negative balance of $94K
k
you need to reconcile it. There is no other way to “clear” it. this balance did not come from the moon, so it needs to be traced back to the error’s origins. yes, tedious.
o
so like find the transactions and do a journal entry to balance it out?
k
yes, just like that.