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Intercompany Settlements

edited Feb 6, 2019 9:52PM in General Ledger & Intercompany 3 comments

Summary

How to perform Intercompany Settlements

Content

Hello,

We are generating a number of Intercompany AP/AR Invoices across different Business units/Ledgers. I don't believe there is any functionality to net the AP/AR transactions within the Intercompany module. Curious- how do you handle the netting for such transactions so as to pay only the net amount.

For example

AUS Business Unit

Due to US(AP) 100,   Due from US(AR)- 40...so should make a payment of 60 to US only

US Business Unit

Due to AUS(AP)- 40, Due from US(AR) 100...so should receive 60 from AUS only

 

Thanks!

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