How to I expense pass-through money from my mang company to me
I'm looking for 'bookkeeping' help.
I have one company (partnership) which owns rentals (comp1). I have a second company (Scorp) which manages the properties (comp2).
I receive Section 8 payments in the name of the management company.
I have the management company pay all the bills on the rentals.
I use Quickbooks.
I have a mind block on how to expense the pass-through money as well as the bills the management company pays on behalf of company 1 so that I can show a true financial picture of the Management company for the IRS (and anyone else who wanted to know). Can you help?