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Sorry Robert accidental post on the wrong idea! As per Malcolm's suggestion you can use the Xero network to send invoices from one company to another to create as a bill in the other. We don't have any plans to extend the Xero network to journals but for now we'll get a sense of interest from the wider community.
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Can I ask why you wouldn't use Bills & Invoices for this? you can then email it straight to the other company's xero inbox to get a lot of the outcomes your looking for