General Ledger - EBS (MOSC)

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Intercompany balancing

edited Oct 25, 2014 10:00AM in General Ledger - EBS (MOSC) 2 commentsAnswered

Hi,

Needs to understand how gl string for intercompany accounts are beign derived.Company structure has  3 segments

Balancing segment.Account.intercompany.

Original journal

1004.21065.1056 debit (Liability )

1056.13068.0000 credit (cash clearing).

Since 2 different balancing segments belonging to different legal entities are involved intercompany balancing will be triggred.

As per standard functionallity offsetting debit is the receivalbes accounts(Accounting Setup manager-->Query the Ledger and click on intercompany accounts--->Define Relationship-->Define accounts.)

so as per intercompany setup ---> receivables account for 1056.

1056. 13068.1038 should be debit entry

offeseting credit from intercompany payables account for 1004

so the entry should be 1004.13068.1056.

as per my understanding Intercompany lines should be

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