Client has 2 Limited companies, different trades/different shareholdings.
His main Limited (A) rents an office from one of the serviced office space companies. 'A' sub-lets a desk space to his other Limited, 50% owned (B). Office space company aware.
A has just received an invoice for some window signage for co B. A will re-charge this to B shortly.
Am just checking how this expense and re-charged income should be presented. My thinking is as the cost is not an expenses of A to process it to inter-company (there are inter-company loans to/fro at various times). But then the re-charge would need to clear this, rather than be keyed to sales. Is this kind of off-set acceptable? Or should I book elsewhere?