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I am trying to post intercompany customer entries through general journal from Company A to Company B in D365.
I wanted to post the Journal entry on company A side and it would give me an intercompany accounts receivable on company A and a credit to my expense account on company A for the amount of expense we are billing company B. Next I want this transaction to post Account payable to company A on Company B book and an expense to Company B.
I want to see these transactions on aging reports. Can we do this?
I tried following posting but it doubles the posting.
Thanks in advance
Can you elaborate? You are talking about company A and B, but the screenshot is using 1000 and 1020. What legal entity is currently selected? One of these two or a third one?
Can you also share a screenshot what you experience as the doubled posting?
Sorry, ok Company A is 1000 and company B is 1020. I am creating journal entry in company 1000(A).
My voucher result for the journal above is here. Highlighted one is doubling up the amount in books for both sides.
I am not sure if my process is correct. Can you suggest me other solutions too?
To record those intercompany transactions, a couple of setups are required.
Details of this setup are described here:
It is correct that you get the IC postings in 1000 (A) and 1020 (B) where it creates an intercompany balance between the legal entities. What you have done here is having a posting where both account and offset account are set to 1020 (B). This will then indeed cause the current postings.
Usually, only or the account or the offset account are set to another legal entity. Then the postings make more sense. If you have e.g. a vendor invoice received in company 1000 (A) where the costs also needs to be split to company 1020 (B), then you could have a journal entry like:
Offset company: 1020
Offset account: 640025-B
Then you will get in company 1000 (A):
200025-A Vendor balance > -67
100175-A Intercompany > 67
In company 1020 (B):
100175-A Intercompany > -67
640025-B Costs > 67
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