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amazingmary
Jan 23, 2008, 09:07 PM
In 2007 we started a LLC company and DBA online company with two bank accounts (partly for security since Paypal needs a bank account to put sales into and didn't want to have the main account online) so we have two accounting files - one for LLC which pays all the bills and has no income -the other for the DBA who has had just a couple of sales so far and that money has stayed in the DBA's bank account because bank charge eat up balances easily. Question is this- do we combine the two accountings and just have one in the parent company which is the LLC? or do I keep on booking the sales into the DBA accounting because that is where the sales comes into the bank account and booking the expenses in the LLC? the DBA is the DBA of the LLC. Please advise..Thanks:confused: