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Understanding Service provider Payables accounting Entries

edited Oct 9, 2024 2:38PM in Subledger Accounting & Accounting Hub

Summary:

Hi We have a Service Provider relationship where the Corporate BU can issue AP invoice for Hamad Port Phase 1 Business Unit. We have a PO matching invoice(Foreign currency) for Hamad port phase -1 . We also have prepayment invoices applied against this invoice. We have Realized Gains when the Prepayment is applied against this invoice. The issue is for Realized gain Account the system is taking the BSV of Corporate BU. Further it is generating inter-company lines for the same.

Please help with the above issue

Documents attached for your reference:

Service Provider Relationship screenshot

Journal Entry

Invoice Screenshot

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