R 12 = GENERAL LEDGER

INTRA COMPANY ACCOUNTS

Inter Company transactions will take place between 2 companies.
At the time of journal entry, one company will be debited and other company will be credited.
No need to be balanced at segment level.
Intercompany off set ebit and credit lines will be added by the system to get balance at company
level.
!here are 2 types of Inter Company. Inter Company " Intra Company.
!his will be decided based on the #egal $ntity. $ach company ta% system is called #egal $ntity.
Intra company: Within the Legal Entity !et"een # companie$
Inter Company: %et"een # Legal Entitie$ !et"een # Companie$
&tep' ( efine Inter Company )eceivables " *ayables Accounts
Navigation' &etup +inancials +le% +ields ,ey -alues
Inter Company *ayables A.c /es, /es, $%penses, No, No
Inter Company )eceivables A.c /es, /es, )evenue, No, No
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R 12 = GENERAL LEDGER
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R 12 = GENERAL LEDGER
&ave.
&tep' 2 Assign inter Company 0ualifier at chart of accounts level
Navigation' &etup +inancials +le% +ields ,ey &egments
0uery your structure
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R 12 = GENERAL LEDGER
1nfree2e fle% field definition
Click on 3&egments4 button
Choose Company &egments
Click on 3+le% field 0ualifiers4 button
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R 12 = GENERAL LEDGER
$nable 3Inter Company &egment4
&ave.
Close this window.
+ree2e +le% +ield efinition
Compile your structure
$nsure program completed normal.
&tep' 5 efine #egal $ntity
Navigation' &etup +inancials Accounting &etup 6anager Accounting setup
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R 12 = GENERAL LEDGER
&tep' 7 Assign #egal $ntity to #edger
Navigation' &etup +inancials Accounting &etup 6anager Accounting setup
&tep' 8 $nable Intra Company feature at #edger #evel
Navigation' &etup +inancials Accounting &etup 6anager Accounting setup
0uery your ledger
Click on 31pdate Accounting 9ptions4 button
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R 12 = GENERAL LEDGER
Click on 31pdate4 button of set up step 3*rimary #edger4
:o to 3#edger 9ptions4 tab
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R 12 = GENERAL LEDGER
:o to ;ournal processing +ields'
< $nable Intra Company =alancing
&ay 3+inish4
/ou will see one more setup step added by system 3Intra Company =alancing )ules4
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R 12 = GENERAL LEDGER
&tep' > assign balancing &egment -alues to #egal $ntity
Navigation' &etup +inancials Accounting &etup 6anager Accounting setup
&tep' ? complete 9perating unit, Inter Company Accounts and Intra Company balancing )ules
Navigation' &etup +inancials Accounting &etup 6anager Accounting setup
Click on 31pdate4 button of 9perating 1nits setup step
&ay 3Complete4
Click on 31pdate4 button of 3Inter Company Accounts4
Change the status to 3Complete@
&ay 3one4
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R 12 = GENERAL LEDGER
:o to 3Intra Company =alancing )ules4
Click on 3efine )ules4 button of #egal $ntity

Click on 3Create )ule4
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R 12 = GENERAL LEDGER
Choose'
&tatus' $nabled
ebit =alancing &egment value' All 9ther
Credit =alancing &egment -alue' All 9ther
ebit Account' Inter Company *ayables
Credit Account' Inter Company )eceivables account
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R 12 = GENERAL LEDGER
:o to 39ptions4 tab
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#evel of &ummari2ation' etail
Clearing =alancing &egment value' 1se for 6any to 6any ;ournals only
efault option' efault )ule
&ay 3Apply4
&tatus' Complete
&ay' one
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R 12 = GENERAL LEDGER
&tep' A Create Intra Company ;ournal and *ost
Navigation' journal $nter
:o to 3New ;ournal4
&ave
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R 12 = GENERAL LEDGER
*ost 6ake sure concurrent I program completed Normal
&tep' B 0uery Inter Company ;ournal to check the status
Navigation' ;ournal $ntry
&ay 3+ind4
*lace cursor on 3Intra Company ;ournal4
&ay 3)eview ;ournal4
/ou can see the description as 3Inter Company balancing line added by posting4
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R 12 = GENERAL LEDGER
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