Intercompany Transaction GL Code

When your license includes the Advanced Multi-Company feature, the system enables automated intercompany accounting transactions to reconcile the GL.

1. Accounting Setup Settings
1. From the ribbon, left-click Financials, left-click Administration and left-click Accounting Setup…
   
   
2. The Accounting Setup window will appear.
   
   
3. The Post Intercompany Transactions group box will be visible only when the Advanced Multi-Company feature is enabled.  Select the radio button that is applicable to your situation.
1. None radio button – Effectively turns off the system’s ability to post intercompany transactions.
2. By Company radio button – Will post intercompany transaction entries to the Company general ledger.
3. By Company/Division radio button – Will post intercompany transaction entries to the division general ledger, if applicable.
4. By Company/Division/Department radio button – Will post intercompany transaction entries to the department general ledger, if applicable.
2. Intercompany Transaction GL Code List
1. From the ribbon, left-click Financials, left-click Administration and left-click Inter Company Transaction GL Code.
   
   
2. The Inter Company Transaction GL Code List search window will appear.  Left-click the Add button.
   
3. The Insert Inter Company Transaction GL Code window will appear.
   
   
1. From Company/Division group box
1. Company field – Identify the company for which a balancing receivable will be created.
2. Division field – Identify the division for which a balancing receivable will be created
3. Department field – Identify the department for which a balancing receivable will be created.
2. To Company/Division group box
1. Company field – Identify the company for which a balancing payable will be created.
2. Division field – Identify the division for which a balancing payable will be created
3. Department field – Identify the department for which a balancing payable will be created.
3. Intercompany Transactions GL Code group box
1. Debit GL Code field – Identify the GL code to be used for debit entries when intercompany transactions occur between the entities identified above.
2. Credit GL Code field – Identify the GL code to be used for credit entries when intercompany transactions occur between the entities identified above.
4. Left-click the OK button on the Insert Inter Company Transaction GL Code window toolbar to save the record and close the window.
   
   NOTE: If intercompany transactions occur in both directions, then two definitions must be created identifying each as the “From” entity in one definition.