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Does someone know if there is a way to enter a distribution reference on an intercompany transaction (financial or payable) that will appear not only on the destination company's record but on the originating company as well?
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Thanks for the response Linda...I was afraid it would come down to entering the intercompany portion manually in order to get a distribution reference. The reason we decided to start using the Intercompany Module was to eliminate the need to enter separate entries in 2 companies, but it looks like this module is a bust since it's not allowing any distribution reference line for the intercompany account.
See my response below--my distribution references for GJ entries on intercompany transactions are seen in my other companies. I can see these on my trial balance as well.
However, if you allow the system to create the intercompany transaction portion, you are not going to see that account and would not be able to enter a distribution reference. I actually enter both the debit and credit of all intercompany due-to /due-from accounts. I hope this isn't totally confusing you.
I enter a distribution reference for every intercompany transaction on my GJ entry. That way when the intercompany transactions are posted to the particular companies, I have a reference to the original GJ in the original company. Just use the drop down arrow on the right of the screen that gives you a place to enter the distribution reference. Hope this helps.
In response to Somakarpagamoorthy's reply, is there a way to add the distribution reference to the inter-company account line (the one that's not seen on the window because it uses the account that was set up in the intercompany setup window)? I am talking about when entering an intercompany financial journal entry. Once the entries are posted, the inter-company account line is printed but no distribution reference shows up. This makes reconciling intercompany accounts difficult since no description shows up when you run a trial balance for the account. Thanks.
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