General Ledger - EBS (MOSC)

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clearing balances in intercompany accounts manually

edited Jan 29, 2015 4:02AM in General Ledger - EBS (MOSC) 8 commentsAnswered

Hi,

The COA structure is ledger entity.costcenter.natural Account.intercompany.future

Step 1)

Currently the balances are as below and we want to manually write them off.

1000056.1234.1306800.100004.0000 Debit  600

1000004.1234.1306800.100056.0000 Credit 600.

Step2)

I create a manual journal to offset these balances

(by reversing credit and debit)

100056.1234.1306800.100004.000 Credit 600

100004.1234.1306800.100056.000 Debir 600.

However the system adds 2 intercompany lines to reverse the lines above after posting(due to intercompany balancing)

so final entries after posting are

1000056.1234.1306800.100004.000 Credit ----Original manual entry

1000004.1234.1306800.100004.000 Debit-------Original manual entry

1000056.1234.1306800.100004.000 Debit---Lines generate by Intercompany balancing

1000004.1234.130680.1000056.000 Credit ---Lines generated by intercompany balancing.

So the net effect of manual journal is wasted.

So is there a way by which i can offset the balances in step1 above as step 2 is not helping ?

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