Advanced Intercompany Journals
- Kyriakos Zisopoulos (Unlicensed)
- Dennis van der Graaf (Unlicensed)
Owned by Kyriakos Zisopoulos (Unlicensed)
This page explains how to create intercompany journals directly from the bank statement
General information
The advanced intercompany journal feature allows users to create a journal posting directly to a different subsidiary. The system will always post from the bank
Clearing accounts mapping table. (customrecord_bs_ic_clr_acc_allocation_ta)
From Sub | To Sub | Account |
Mfg | Australia | Clearing account 1 |
Mfg | Canada | Clearing account 2 |
Australia | Mfg | Clearing account 3 |
Canada | Mfg | Clearing account 4 |
Â
Bank statement line to reconcile
GL bank account | Bank subsidiary | Debit or Credit | Amount |
1000 | Mfg | Credit | 1000 |
Â
Multiway Journal Suitelet
Account | Amount | To Subsidiary |
1031 | 500 | Australia |
1032 | 250 | Australia |
1033 | 250 | Canada |
Â
Inter company journal
Subsidiary | GL | Debit | Credit |
Mfg | 1000 | 1000 | Â |
Mfg | Clearing account 1 | Â | 750 |
Mfg | Clearing account 2 | Â | 250 |
Canada | 1033 | Â | 250 |
Australia | 1031 | Â | 500 |
Australia | 1032 | Â | 250 |
Canada | Clearing account 1 | 750 | Â |
Australia | Clearing account 2 | 250 | Â |