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Dynamics 365 Community / Forums / Finance | Project Operations, Human Resources, ... / Move balances between ...
Finance | Project Operations, Human Resources, ...
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Move balances between bank accounts of different legal entities

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Posted on by Community member 10
Hi experts,
 
What would you say it's the best way to move balances between bank accounts of different legal entities without: 
* Invoice or any other financial document 
* Not allowing multiple subledger transactions per voucher 
* Not using centralized payments 
 
Basically, we transfer money between bank accounts that belong to the same group but sit in different legal entities. From a bank perspective is a bank transfer but system wise I can't find an effective and clean way to reflect that. Any ideas will be welcomed. 
 
  • Suggested answer
    Frank Hamelly | MVP, MCP, CSA Profile Picture
    Frank Hamelly | MVP... 4,029 Super User 2024 Season 2 on at
    Move balances between bank accounts of different legal entities
    You must have an intercompany relationship between the two companies but you can do a bank->bank transfer as below.
     
  • Suggested answer
    Morgan Bazin Profile Picture
    Morgan Bazin 1,031 on at
    Move balances between bank accounts of different legal entities
    When I've encountered this requirement, I typically suggest the creation of a 'suspense' account in the legal entity accepting the incoming bank transfer. So, if I'm in the legal entity USMF and I want to transfer funds to USSI, I would make the following journal entries:
     
    In USMF:
     
    DR Suspense main account (remember to use Intercompany to USSI)
    CR BANK Account 
     
    then, in USSI:
     
    DR BANK Account
    CR Suspense (not intercompany)
     
    It's not ideal, but the only way I've found to do this.
  • Suggested answer
    Ramit Paul Profile Picture
    Ramit Paul 22,300 Most Valuable Professional on at
    Move balances between bank accounts of different legal entities
    Hi,
     
    I think it's only way to create bank as credit in one LE and debit in One LE.

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