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Intercompany transactions

edited Nov 26, 2025 7:52PM in Ask A Guru 8 comments

Hi guys!

I have an issue with a client and its Intercompany Transactions.

We have demonstrated Advanced Intercompany Journal Entries for Intercompany Transactions, but the client's accounting department is set in a way where each company has its own accountant and they don't want to use Advanced Intercompany Transactions. They wish each side of the intercompany Transaction to be recorded by the relevant company accountant.

Is there a way to perform this through simple Journal Entries?

Let's say one company transfers funds to the other group company.

The double entry for Sub A will be:

DR. Bank account

CR. Intercompany AP and in "Name" we will select Sub B as vendor.

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