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Intercompany Transactions and Fiscal Documents Generation

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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.

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