Financial - JDE1 (MOSC)

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Intercompany Reconciliation

edited Feb 6, 2015 10:00AM in Financial - JDE1 (MOSC) 2 commentsAnswered

Hello All,

I am looking for ideas on how I can clear intercompany balances.  Our business has several entities that create intercompany transactions daily.  Upon Reconciliation(weekly or monthly), some entities want to clear the intercompany settlement balances via payments - after netting and determining who owes.  A misc AR invoice is created debiting an appropriate "due from" account.  The paying entity creates AP voucher and credits AR due from account ( basically clearing the intercompany settlement accounts when posted to gl). Payment is made and AR Invoice clears in cash application process

The other businesses will not settle in "cash".  Any ideas how other companies out there do this today?

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