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Inter-Company Gain/Loss

edited Nov 28, 2019 11:50AM in Accounting / ERP 4 comments

In NS, we have the the US parent and India subsidiary which the Indian sub invoices the US parent each month.  Since they bill in USD and received it in Rupees we have a gain/loss on the transaction.

What I understand should happen in NS is that the gain/loss should automatically happen when the transaction is complete (i.e., matching the deposit to the invoice).  I should be able to view the FX gain/loss in the Realized FX Gain/Loss report.   However, there is no information showing in the report so if appears the balance still sits in Inter-Co AR.   Now my accountant is India wants to make a manually JE to adjust the Inter-Company AR account for FX gain/loss.

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