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Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Intercompany transactions
Microsoft Dynamics GP (Archived)

Intercompany transactions

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Posted on by Community Member

I'm attempting to reconcile our bank statement, and am running into a snag with the intercompany function. I have a few transactions on the bank statement that are transfers from one company to another company.

How can I account for these transactions?

I've already done the intercompany setup. I'm just not sure how to actually record this bank transaction. Any help would be greatly appreciated!

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  • Suggested answer
    Frank Hamelly | MVP, MCP, CSA Profile Picture
    Frank Hamelly | MVP... 46,527 Super User 2025 Season 1 on at
    RE: Intercompany transactions

    Soma is correct.  What you really need to do is record the transactions in Bank Transaction Entry.  Debit and Credit the same account so there's no GL effect since the Interco Trx already affected the GL.

  • Verified answer
    soma Profile Picture
    soma 24,410 on at
    RE: Intercompany transactions

    I think Intercompany Transactions is not available for bank transactions. It affects only GL.

    Hope this helps!!!

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