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Transfer/Clear Intercompany Balance

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Posted on by JH113

Hello,

My user is trying to clear a balance in our intercompany account as the entity has been closed.

The issue is that the manual entry they perform to move this balance, generates more intercompany transactions, and has a net zero impact on the intercompany account balance within the entity. How can we process an adjustment to clear this balance?

Any direction is greatly appreciated,

Thank you

JH

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AL-19021650-0 2 on at

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I know this is late but if the balance that was cleared contains a different currency than that of the entity you're in, those additional entries can be revaluation of the foreign currency. You may need to perform a Reporting Currency Adjustment to truly wipe out the account balance and prevent any further revaluation.

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SR-12032333-0 2 on at

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I am having the same issue as the OP - I am running MS Dynamics GP with mc2/Visions as the intercompany add-in.

Please help.

SR

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