You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Intercompany Transactions and Fiscal Documents Generation

edited Jan 10, 2020 1:17AM in General Ledger & Intercompany 3 comments

Summary

Intercompany Transactions happening within the same ledger will only generate the Due to and Due From accounting, but to settle this Due to and Due From , there are no fiscal documents

Content

A lot many times when we post Intercompany Transactions within the same ledger, the Due To and Due From Intercompany lines gets generated using the Intercompany balancing rules setup. 

However, many countries require that at the month end to settle the Due to and Due from between various legal entities, you need to have the Fiscal documents(Intercompany AP Invoice/Intercompany AR Invoice).

Oracle does not generate these Invoices.

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!