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

Intercompany Journal Entries

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Posted on by Community Member

Hello:

Why would Intercompany Processing create a duplicate debit and credit to the Intercompany account and the Retained Earnings account for the same company in a journal entry?

Thanks!

John

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I have the same question (0)
  • JodeRuiter Profile Picture
    JodeRuiter 982 User Group Leader on at

    Hi John:

    Were you posting to a historical year?   When posting to a historical year, GP automatically makes the entries that roll the balance forward as a BBF if the accounts are Balance Sheet types and roll UP to retained earnings any Profit and Loss type accounts.

  • Community Member Profile Picture
    Community Member on at

    Hi Jo:

    It was a posting to a historical year.  But, there were two debits to an Intercompany G/L account and two credit to the Retained Earnings account in the same 12/31/2017 journal entry.

    Does this still sound like a reflection of posting to the historical year?

    John

  • JodeRuiter Profile Picture
    JodeRuiter 982 User Group Leader on at

    Hi John:

    One set of those is probably a BBF entry to roll it to the new year - if you want to post a screenshot I could let you know for sure!

  • Community Member Profile Picture
    Community Member on at

    Hi Jo:

    My colleague told me that it was a batch error or glitch.

    Thanks, in any case, for chiming in!

    John

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