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Clearing Account in Intercompany

Received Response
edited Jun 17, 2020 2:02PM in General Ledger & Intercompany 1 comment


Clearing Account in Intercompany


Other than setting up the clearing balancing value segment, is there any step necessary to make use of the clearing account. 

The problem is- for a ledger and a journal category we have defined the Clearing account. But it is not making use of tha clearing account. 

Do we need to include any other setup?

Specifically the question is -

Intercompany will work only for balancing within legal entities?

If there are intercompany transactions within and outside legal entity wont it use the Clearing account?

Any insights would be helpful, thanks in advance. 

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