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Intercompany Transactions lets you enter General Ledger and Accounts Payable transactions that affect more than one company by automatically distributing transactions across two or more companies. In addition, its built-in flexibility automatically generates intercompany loan account entries according to user-defined relationship tables called routes. Intercompany Transactions simplifies and significantly reduces the amount of work required for intercompany accounting.

Intercompany Transactions Capabilities

  • Process intercompany General Ledger journal entries and intercompany Accounts Payable invoices, debit notes, and credit notes.
  • Create an unlimited number of routes to define relationships between companies, including multilevel routes.
  • Automatically make loan account entries for intercompany transactions and distribute invoices to as many General Ledger accounts as required by defining distribution sets.
  • Fully integrate with Tax Services to handle tax computations for expensed, allocated, or recoverable taxes.
  • Enter transaction references and descriptions to provide a detailed audit trail for reconciliation purposes.
  • Print an intercompany loan account reconciliation report to identify loan accounts that do not agree.
  • Process multicurrency transactions in Intercompany Transactions, General Ledger, and Accounts Payable.
  • Distribute transactions to companies with differing functional currencies.
  • Create routes with originating companies, intermediate companies, and destination companies having different functional currencies.
  • Process multicurrency transactions for multicurrency or single-currency intermediate and destination companies.

Standard Reports

  • Invoice Batch Listing
  • Invoice Batch Status
  • Loan Account Reconciliation
  • Route Listing Report
  • Unposted Invoice Batches