Is the use of Categories similar to intercompany transactions???

Meaning, if I currently manage one of my businesses in MYOB and I have a new company that I also want to put onto MYOB, would I be able to issue a check for the same vendor but post the expense to the different categories?

Example: Business #1 occupies 80% of the office space and Business #2 occupies 20% of the office space. I want to cut a check with the above percentages to rent expense, but out of Business #1's checking account. Is this possible?

Thanks!

Categories could work for this, but there are some things you would have to work around. If there is any payroll involved it would have to be the main company only as it is tied to the tax id of the "company" for the MYOB file.

Categories apply to entire transactions so you would not be able to split a "spend money" check.

Invoices unique to each business that have respective categories assigned would work but a single invoice could not split items into the categories.

The results you get are going to depend on how detailed you work to split the information. One MYOB file is not intended to track 2 companies but what it can do for one company is track certain aspects of a business for better reporting by using categories and jobs etc.


Dan