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For creating an advanced intercompany journal the journal posting needs a clearing account and these should be set up for each from and to subsidiary combination. The from subsidiary is always the subsidiary listed on the bank statement and the to subsidiary “To subsidiary” is the selected subsidiary to where you would like to post the funds. The system will only show to the end-user configurations that are applicable to the subsidiary in which they are performing the reconciliation.
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Create a from/to subsidiary setup
To create a from/to subsidiary setup navigate to SETUP->BANK RECONCILIATION->INTERCOMPANY CLEARING ACCOUNT->NEW. On the page that opens there are 4 settings:
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When enabled a new column will become visible that allows the user to select a subsidiary to
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Review the permissions
To be able to use the new intercompany journal posting feature the user role must be adjusted so it does include the customer record permission “Bank Statement IC Clearing Account”.
We recommend setting this for standard users to “View” and for managers or administrators to “full”.
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The following 3 steps are needed for full configuration of the feature:
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Using the intercompany posting
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