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This page explains how to set up the advanced intercompany journal posting

General setup

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 is the selected subsidiary to where you would like to post the funds to.

Creating 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:

  • From subsidiary (select here form which subsidiary the posting is initiated, this is the subsidiary listed on the bank statement)

  • To subsidiary (select here the subsidiary to where the posting could go)

  • Clearing account (select here the clearing account that should be used to clear the intercompany posting)

  • Inactive (when checked the rule is not taken into consideration)

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