Advanced Intercompany Journals
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 |
Bank statement line to reconcile
GL bank account | Bank subsidiary | Debit or Credit | Amount |
1000 | Mfg | Credit | 1000 |
Multiway Journal Suitelet
Account | Amount | To Subsidiary |
1031 | 500 | Australia |
1032 | 250 | Australia |
1033 | 250 | Canada |
Inter company journal
Subsidiary | GL | Debit | Credit |
Mfg | 1000 | 1000 |
|
Mfg | Clearing account 1 |
| 750 |
Mfg | Clearing account 2 |
| 250 |
Canada | 1033 |
| 250 |
Australia | 1031 |
| 500 |
Australia | 1032 |
| 250 |
Canada | Clearing account 1 | 750 |
|
Australia | Clearing account 2 | 250 |
|