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Hi ,
We are on AX 2012 CU6 at this moment and I have a setup where we have multiple legal entities, and we have a process in place where company A raises an invoice of Rent, and the amount which is paid by company B.
General Journal creation in Company A :
Company Account type Account Offset Company Offset Account type Offset Account
A Ledger Rent B Ledger Cash.
When i post this transaction system would post the values inter company accounts like
Due to Company B - in Company A
Due from Company A - In Company B
Now my question is if the company A is back to do the payment to company B, in that case
a)which journal i need to create ?
b) In which company i need to create ?
c) what would be the Account type , Account No and Offset account type , Offset Account No i need to select in the Journal ?
Thanks for reading this and any comments/suggestions towards the right direction are welcome!
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I have the same question (0)Your question is not clear.
When you say "company A is ready to make the payment" do you mean company A want to pay back company B, who originally paid the invoice?
If that is what you mean, then
a) you can create a general journal from company A to company B reflecting the fund transfer from company A to company B.
This journal, when posted, will also generate offsetting due to/due from balances that will 'cancel off' the original ones
b) it does not matter if you create the GJ in company A or company B
c) Account type will be 'bank' on both sides, the the accounts will be the bank accounts used for making the payment/receiving the payment
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