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Intercompany posting

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Posted on by KS-13051748-0

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Hi,

We opened a division in India and this location will not hold inventory but ship from the main division in Canada.
We create a direct delivery and for the fulfillment we are doing it through INTECOMPANY

All is working fine BUT our expectation when displaying the vouchers between the 2 divisions linked with the Interco was to have a posting that shows Interco GL so we can treat these transactions accordantly.

I did the setup in the GL / Setup / Intercompany accounting, The below GL are not shown in the SO invoice voucher nor in the PO invoice voucher

Any help will be appreciated.

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André Arnaud de Cal... 300,911 Super User 2025 Season 2 on at

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Hi Kamel,

The intercompany accounting settings is only used in case of general journals. You can consider using a cash payment method where the invoice will be paid and posted to the IC ledger account. Or use a different centralization account for IC customers and vendors.

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BillurSamdancioglu 19,703 Most Valuable Professional on at

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This parameters ar ebeing used in journals like payment journals or gl journals as Andre mentioned.

You may use Intercompany reports for reporting also.

For intercompany reporting you may also consider to use dimensions or different GL account in posting profiles to support your reportings.

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KS-13051748-0 122 on at

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Thank you André-Arnaud
I created a method of payment CASH in AP and in AR

I set this method for both Customer and vendor (interco)

But the posting is still going to the standard GL from the item group posting for InterCo PO invoice and SO invoice. I am probably missing an other config.

Thank you !

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Fasih 416 on at

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Hi Kamel,

Your screenshot shows only 1 side of setup, please create a reciprocal relationship also from action pane you can find the reciprocal setting button. Further please check below screenshot for further parameters which needs to be done before creating a PO or SO.

Further please also check below screenshots of parameters for your assistance hope this will help you.

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KS-13051748-0 122 on at

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Hi,

My question is more how to have a voucher generated by the SO invoice and the PO invoice with no revenue, no COGS, etc as they are not third party transactions but only Intercompany.

Current SO invoice voucher:
There is revenue, COGS, etc. interco transaction should not generated these entries.

Desired voucher. (I set a payment method with an interco journal name as suggested by André Arnaud, I defaulted a GL Interco payable for entity 1 and Interco receivable for entity 2)
The below posting is for Payment journal, I would like to have the same type of posting for the above SO invoice

Thank you !

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KS-13051748-0 122 on at

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Hi André-Arnaud
Can you please elaborate your suggestion.
I mean we are looking how to get an interco voucher not at the payment level but at the invoice one.
Until now, we when invoices are generated, we are getting a standard voucher that hits Sales, COGS, etc. We were expecting having 2 lines,
Interco GL and AP GL
Interco GL and AR GL

Thank you !
Kamel.

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