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Oracle Fusion Intercompany Transactions Posting

in General Ledger & Intercompany

We recently enabled invoicing for Intercompany (ICO) transaction types in Oracle Fusion.

Our client's business process is as follows:

  • AP periods are closed on the 25th of every month.
  • Intercompany transactions are entered at month-end (after the 25th).
  • Since the AP period is already closed, the Intercompany transactions are not getting transferred/processed into AP invoices.

Currently, the client is manually posting accrual entries for these transactions and processing them later.

We would like to understand:

  1. Is there a standard Oracle Fusion solution or best practice for this scenario?
  2. Is there any configuration that allows Intercompany invoices to be created in the next open AP period while retaining the accounting impact in the original period?
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