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Intercompany Transaction settlement across Legal Entities

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edited Jan 5, 2021 1:28PM in General Ledger & Intercompany 5 comments

Summary

How to settle intercompany transaction that are created in AP and AR across LEs

Content

Hi, 

We have a requirement to create intercompany transactions across legal entities

Example, US Legal Entity will provide services to UK legal entity

Creating Intercompany Batch with Provider US Entity and Receiver is UK Legal Entity

AR Invoice is created in US BU with US Entity as customer and AP Invoice is created in UK BU.

Like that we have around 10 LEs in the Intercompany scope, now how to settle the Intercompany AP and Intercompany AR Invoices.

How Netting works in Fusion to settle all the AP and AR invoices.

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