I have two Companies: Company A and Company B.  Company B has more expenses than they can typically afford so Company A will be picking up the tab for a while.

I want an easy way to make this happen without needing to reconcile inter-company transactions, enter Bills or Payments twice, etc.  

I may decide to pay back Company B via an investment in Capital, I may decide to send Cash, or I may purchase Services from them in lieu of receiving payment.  

I want a receivable in Company A's books showing me the cumulative amount that is owed. I want a payable in Company B's books to show me the cumulative amount that is owed. When I run consolidated financials, these should be eliminated. 

How?

I want to do this in three SIMPLE steps:

1. Record the Vendor Bill in Company B.

2. Record  the check cut from Company A.

3. Record the closing of the Bill in Company B.

Caveats:

• I don't know in advance which Bills will be paid from A and which from B - so I can't enter them differently.

• I don't want to fund Company B.  I don't want to affect my cash balance in Company A until I decide which Bills to pay.

At the end of this process:

Company B books:

• the Vendor isn't owed any money.

• AP aging shows no Vendor liability

• a liability (Inter-Company Payable) is owed TO Company A.

• AP Aging shows Company A liability

Company A books:

• an asset (Inter-Company Receivable) is owed FROM Company B.

• AR Aging shows the Company B asset