Intercompany and Checks

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Posted on by Sherryll Penney

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Client running GP2013 does heavy intercompany payables transactions. All invoices are paid from one checkbook. Looking for a way to capture the amount each entity "owes" for the check batch so funds can be transferred accordingly. I tried to modify the check batch report hoping to use distribution account from invoice entry, many invoices could have multiple I/C distributions - that didn't work. Example - I build a check batch, need to know how much of the batch belongs to Company A, how much belongs to Company B. etc. Suggestions?

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L Vail 65,271 on at

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Consider using the cash account defined by the Accounts window instead of by the checkbook. The rec will still work because you will still be using the same checkbook ID, but the Cash account will be specific. This designation would be at the vendor level. Do your companies share vendors? There are several things you can do if you use separate vendors. If separate vendors, all you need to do is build the check batch and subtotal by cash account to determine who owes what.

What do you think?

Kind regards,

Leslie

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