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Intercompany accounting

edited Jan 30, 2019 4:30PM in General Ledger & Intercompany 7 comments

Summary

intercompany accounting issue

Content

We have the following business requirements 

Company A (BU and LE)

Company B (Different BU and Different LE), has 2 subsidiaries C and D

what we are looking for is 

Line #   Account #                                    Dr.                        Cr. 

1          A.000.Cash.000.000              $1000

2          B.C.AP.000.000                                                     $200

3          B.D.AP.000.000                                                     $800

the above to be entered manually

and the auto-entered automated accounting lines to be created 

Line #   Account #                                    Dr.                            Cr. 

4          A.000.I/C AP.000.000                                                 $1000

5          B.C.I/C AR.000.000                 $200

6          B.D.I/C AR.000.000                 $800

 

so the full journal will be 

 

Line #   Account #                                    Dr.                        Cr. 

1          A.000.Cash.000.000              $1000

2          B.C.AP.000.000                                                     $200

3          B.D.AP.000.000                                                     $800

4          A.000.I/C AP.000.000                                           $1000

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