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Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Intercompany transacti...
Microsoft Dynamics GP (Archived)

Intercompany transaction entry in GP Payables

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Posted on by Community Member Microsoft Employee

Hello all:

I would like someone to show me a sample intercompany payables transaction, what the Payables Distribution Entry screen should look like; what the Co ID field should be, what the account should be and the Corresponding Co Id should be etc. Everyone who seems to know the how an interco entry is made in payables distribution, just seems content with re-hashing the text from the help file. Would it be so difficult to provide an example with 'dummy' accounts, in a simple example?

I sincerely hope that someone would provide the answer to my query - I can't be the only one that is anxious to know. Thanking all of you in advance.

Regards,

Deesom.

*This post is locked for comments

  • carlos2108 Profile Picture
    carlos2108 10 on at
    RE: Intercompany transaction entry in GP Payables

    Yes, so my concern was if was doing ok, since we dont use intercompany. I have to enter manual transaction, so I said to myself, if I create in Company B one Invoice from the vendor in Company A, in payable transaction, my  distribution will Due to Company A $1000, and the second will be PAY (company B) $ 1000.

    Thank you

  • Suggested answer
    Community Member Profile Picture
    Community Member Microsoft Employee on at
    RE: Intercompany transaction entry in GP Payables

    CARLOS

    Will this work out for you ?

    www.sanjaykumar.us/.../dynamics-payable-inter-company-example

    Cheers!

    Sanjay

  • carlos2108 Profile Picture
    carlos2108 10 on at
    RE: Intercompany transaction entry in GP Payables

    Victoria, maybe you can help me, we have two companies, but we are not using the intercompany feature, every has been entered manual as bank transactions. using due to when we received money  in A that is for Invoice in company B. Credits are applied to those invoices using due to account, then in company A that money registered as Due to B.

    Then for payable we are doing the same but using Due from, now I wan to know if I can create a payable transaction using the distribution due from and payables, in order to have an Invoice. I am very new in this and I need a little bit of help.

    Thank you

  • Community Member Profile Picture
    Community Member Microsoft Employee on at
    Re: Re: Intercompany transaction entry in GP Payables

    Hi Victoria:

    I am so thankful and appreciative of your kind and quick response to my request for a sample intercompany transaction. The snapshot of the distribution screen made it very clear, as to how a an intercompany transaction should be configured. Along with your brief explanation, the actual screenshot helped make things so very clear.

    I have been a keen follower of your blogs and the mussings on your webpage, and I am so appreciative of your valuable contributions to the various forums. I am thankful, as well, for your willingness to share your expertise with so many of us who lack the same level of proficiency of the many and varied subjects.

    Keep up the good work - and once again, a BIG THANK YOU!

    Regards,

    Deesom.

  • Community Member Profile Picture
    Community Member Microsoft Employee on at
    Re: Re: Intercompany transaction entry in GP Payables

    Hi Michael:

    My issues were a bit more than a single error message re: the corresponding company ID. I now have, I hope, a better understanding of how the distributions are supposed to be entered in the books of the Originating Company, thanks to you and Victoria Yudin. I am going to work through a couple of examples, to solidify and re-inforce my understanding of the intercompany process. Should I run into a related issue or needed clarification, would you mind if I called on your assistance directly (only if needed)?

    Thank you once again for your very prompt response, and I do appreciate your kind and willing gesture. Once again - Thank You!

     Deesom.

  • Victoria Yudin Profile Picture
    Victoria Yudin 22,766 on at
    Re: Intercompany transaction entry in GP Payables

    Here is a screenshot of a sample intercompany transaction: http://victoriayudin.files.wordpress.com/2010/09/ic-example.png. 

    FSI is the company where the transaction is being entered (the company that will pay for the transaction), TWO is the company that is actually incurring the expense.  When this transaction posts you will actually have the following GL distributions:

    In FSI company: Debit for $1000 to Due From TWO account, Credit for $1000 to Accounts Payable.

    In TWO company: Debit for $1000 to Training - Accounting, Credit for $1000 to Due To FSI account.

    As Michael said, Corresponding Company ID is not needed and if you're being asked for it, uncheck that setting in Intercompany setup.

  • Michael Marinaro Profile Picture
    Michael Marinaro 8 on at
    Re: Intercompany transaction entry in GP Payables

    Hi Deesom,

    Is the problem that you're being told the Corresponding Company ID doesn't match?  If so, go into Tools -> Setup -> System -> Intercompany and uncheck the Corresponding Company ID  checkbox.  I know that this option causes issues with integration manager and it is not needed unless you're using Enterprise Reporting.

     If intercompany has been setup correctly, you should just be able to pick the company id (Co ID) and the GL account from that company.  The PAY line should still be in the originating (source) company but the PURCH lines can be a mix of originating and destination companies. 

     Let me know if the Corresponding Company checkbox solves your issue or if you still need an example. 

    Thanks,
    Mike

     

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