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Dear experts,
When an invoice is raised on an customer account with Interco or Intraco as their customer group, the revenue should post to an intercompany revenue account rather then the standard 3rd party accounts.
When a PO/Invoice is booked onto a supplier account with Interco or Intraco as their supplier group, the costs should be posted to an intercompany cost of sales account rather then the standard 3rd party accounts.
How we can set the posting profile so that the revenue can be posted to intercompany revenue GL account for customers who are of intercompany customer group and
the costs should be posted to an intercompany cost of sales GL account for the PO/invoice booked on suppliers of intercompany supplers group.
Thanks,
Hi Purchase ledge,
Let us know if you need anything else or if you get stuck somewhere.
Otherwise, let's close and verify the answers for this long thread.
Have a good day ahead.
Cheers,
Ludwig
Hi Ludwig,
These documents are really amazing, thanks a ton !!
Thanks & Regards,
Hello Purchase ledge,
This blog post has a good description and a lot of screenshots that illustrate the setup.
If you need more details then have a look at this MS docs site:
docs.microsoft.com/.../set-up-intercompany-trade
Best regards,
Ludwig
test
This can be achieved by separating the customers into different groups and setting up separate accounts receivable summary accounts for each group. From a revenue perspective, the same applies. That is, you can use separate revenue accounts that are only used for IC transactions. Note: This setup works for project and IC trade via purchase and sales orders.
[quote user="Purchase ledge"]When a PO/Invoice is booked onto a supplier account with Interco or Intraco as their supplier group, the costs should be posted to an intercompany cost of sales account rather then the standard 3rd party accounts.[/quote]For the 'purchase side' things are the same, you can create separate vendor groups for which separate IC vendor summary accounts and IC cost accounts are used.
All is just a matter of using the standard configuration.
Do you need help with this configuration or do you know how the setup is made?
Best regards,
Ludwig
test
Hello PurchaseLedge,
What you shared above are the project posting profile setups.
I thought that you are dealing with ordinary IC purchase & sales orders that do not have a relationship to a project.
Is this not the case?
Would be great if you could provide some additional words on the nature of your IC transactions.
Many thanks,
Ludwig
test
Hi Ludwig,
yes I have put across your point to my client, and I am waiting for their response, will revert soon
Thanks,
Hi Purchase ledge,
Did you have the chance to talk to your customer about this issue and the separation of IC costs, revenues and customer/vendor summary accounts?
Best regards,
Ludwig
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