Configuration of Intercompany

Configuration steps

Go to SOB window and enable the check box balance intercompany journal

System will warn us to configure intercompany accounting in IC accounts form.

Enable suspense account check box in SOB window

Save the records.

Configure atleast one category and source for IC

Configure atleast Source ‘Other’ and Category ‘Other’

Select many to many under company usage TAB, if client needs multiple credits and / or multiple debits

Select use balancing segment under default options TAB. If client needs SSD (share service division), configure IC with use default clearing company and select the SSD value from LOV.

Select all other from LOV – click TAB

Define IC receivables in due from field and IC payables from due to field

Create IC journals

Note the IC journals created by the system