mess up on income recognition

[Bogdan Naescu]

Hello BP,

I have multiple rentals ,which I manage via 2 LLCs . Due to an error in my property management software, the rent from one unit owned by LLC A ended up being credited on the account of LLC B. The 2 LLC have no business connection so I'm struggling to justify this transaction and how to correct it.

Should I post a correction journal to transfer the funds back between the 2 companies ? would this be an acceptable practice from an accounting / tax / legal pov ?

Can anyone please advise ?

Thanks !