How to record, close & reconcile intercompany entries in GL

Hi Guru's,

I would like to know how to record, close and reconcile the intercompany entries in GL.

Our requirement is given with the below example.

We are using intercompany is one our balancing segments in our COA structure and have four segments (Company- cost centre-Account-Intercompnay)

We have three companies 100, 101 & 102

We need to record intercompany JV's in GL when we are paying rental expenses of Rs.9000/- in the form of cash from Head office (i.e. BSV 100) for all companies with equal proportion.

100-000- I/C A/c-100 Dr 3000

100-000-I/C A/c-101 Dr 3000

100-000- I/C A/c-102 Dr 3000