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How to do Intercompany Bank Transfer

Posted on by 161

Dear Folks,

How to Transfer Funds from a Bank Account in a Legal Entity to Bank Account in the Another Legal Entity.Is an Intercompany Transfer.

  • Agnes Lee Profile Picture
    Agnes Lee 160 on at
    RE: How to do Intercompany Bank Transfer

    Hi Malek,  in your suggestion for intercompany fund transferring,

    FRSI-Bank => FRSI-Main Account

    FRSI-MA => USMF-BANKdoes

    it looks to me that we need to create create 2 journals, one at each company, is that right ? do you have an example that you can share

    Thanks

  • Community Member Profile Picture
    Community Member Microsoft Employee on at
    RE: How to do Intercompany Bank Transfer in Dynamics 365 Finance and Operations

    Did you find a work around for this? We have many bank to bank transactions between legal entities and I do not want to create an two entries for each transfer.

  • Verified answer
    RE: How to do Intercompany Bank Transfer in Dynamics 365 Finance and Operations

    Hi,

    Microsoft Do not recommend allowing multiple subledger  like Bank to Bank, see bellow:

    docs.microsoft.com/.../one-voucher

    Actualy you can use a general journal with intercomany setup to have this kind of Ledger (Just and exemple) :

    FRSI-Bank => FRSI-Main Account

    FRSI-MA => USMF-BANK

    Regards.

  • Verified answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    RE: How to do Intercompany Bank Transfer in Dynamics 365 Finance and Operations

    Hi,

    Have you tried using a GL account for that purpose?

    As far as I remember bank accounts from different legal entities cannot directly be posted against each other. In this case you have to use a bridging account in between.

    Would be great if you could test and let us know the outcome.

    Best regards,

    Ludwig

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