[Question] Loan accounts between companies

[MichelleHRM]

Good day

We recently registered a new company. One of the other companies in the group is paying for all the expenses of the new company. I created a loan account for the new company in the group company where everything gets posted to. I loaded the new company on pastel as well.

Can i just do a Journal entry in the new company and debit the expense and credit the loan account i created for the group company?