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Hello
we have 5 entities on GP and each one of them set up as a separate company, now there is a bank transfer of xxx amount between 2 entities, how can I record this transfer?
Many thanks
Nihad
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Nihad,
I don't believe there is a native intercompany bank transfer process built into GP.
I'd recommend either...
- An intercompany journal entry followed up w/ bank transactions and/or bank deposits in each company.
- Looking into a 3rd party ISV that offers intercompany bank transfers. Off the top of my head, I believe the Nolan Business Solutions offers one.
- Much larger conversation but if you can consolidated GP companies, that'll always make your life easier. Multi-Entity Management from Binary Stream is a solid option.
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