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GL Intercompany | How to record intercompany journal with overseas entity (not present in Oracle eco

edited Jul 21, 2021 11:28PM in General Ledger & Intercompany 4 comments

Content

Scenario -

A) Client is implementing say US ledger in Phase 1 - all US entities would be linked to this ledger.

B)Client also has intercompany transactions with Australian entities -(Australia ledger will be implemented only in Phase 2, after a year or so)

C) Consolidations happen in outside (non-Oracle) systems.

 

Question - In the interim period i.e between Phase 1 and Phase 2 - What is the best and recommended way to record an intercompany journal in "US Ledger"?

 

 My view 

A) I don't think linking the Australian entity (the balancing segment value) directly to the US ledger is a good idea and sounds against the fundamentals of ledger configuration.

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