NOTE:

1 - Auto-Accept Transactions from Intercompany Partners function is available in 2022 release wave 1.  

2 - Synchronization Partner function is available in 2023 release wave 1.

3 - Specify the Bank Accounts for intercompany partners is available in 2023 release wave 1.

StepsDescription
1

Intercompany Setup

1) Enter Intercompany Setup into search box then select the related link

i) Fill up IC Partner Code for the company

ii) IC inbox Type = select Database

Fill up following fields for specify where to create received intercompany journal transitions from IC partners.

  • Default IC Gen. Jnl. Template
  • Default IC Gen. Jnl. Batch

NOTE: The IC Partner Code, IC Inbox Type and Aut. Send Transactions configuration to be auto update to Company Information Card.

User can either fill up those fields in Intercompany Setup or fill up in Company Information card.

iii) Synchronization Partner - select the company if you want to copy the Intercompany Chart of account and intercompany dimensions to the new business partner afterward.

2

Setup of Intercompany Partners

  1. Go to Intercompany Partner then select New for create new IC partner.
  2. Enter the key fields for the IC partner.

a. Code - provide the IC partner code for identify the intercompany 

b. Name - provide the IC partner code for identify the intercompany

c. Company Name - select from Companies

d. Auto. Accept Transaction (if applicable) - choose for accept transaction once the transaction is sent from intercompany (i.e. no need to accept transaction in Intercompany Inbox)

e. Sales Transaction - setup for intercompany customer - fill up the information if the intercompany partner has sales transaction. 

      • Customer No - select from Customer (Customer Card need to create for the intercompany if the company has sales transaction with current company)
      • Receivable Account - default receivable account for the intercompany 

f. Purchase Transaction - fill up the information in purchase transaction tab for setup intercompany vendor.

3. In action menu, click Bank Accounts to enter the bank account for the IC partner.  When use Intercompany General Journal, the list of the IC Partner bank account to be shows for selection. 

3

Setup of Intercompany Chart of Account

  1. Go to the Intercompany Chart of Account page.
  2. Enter the Intercompany Chart of Account

Option 1 - Use the Copy from Chart of Accounts function.

If the intercompany chart of accounts is similar to the regular chart of accounts, choose the Copy from Chart of Accounts action then edit the new lines as needed.

After copy the lines from chart of account, use the Map to Acc. with Same No, function to fill up Map-to-G/L ACC. No.

Option 2 - Import/Export Function

User can use import/export function to export the Intercompany Chart of Account from the source company then import into target company.

After import into the target company, user Map to Acc. with Same No, function to fill up Map-to-G/L ACC. No. or select the G/L account manually.

4

Setup of Intercompany Bank Account

1, Check if the Bank Account have been checked for the option "Enable for Intercompany transactions" in Partners' Bank Account Card or not.

2, Click the Intercompany Partner in the Intercompany Setup page.

3, Click "Bank Accounts"

4, Click "Copy from IC Partner"

5

Default of Intercompany Partner General Ledger Accounts(Optional)

When you create an intercompany sales or purchase line to send as an outgoing transaction, you enter an account from the intercompany chart of accounts as a default for which account in your partner's company the amount is posted to.

Then, when you enter a general ledger account in the Bal. Account No. field on an intercompany line with Intercompany Partner in the Account Type field, the IC Partner G/L Account field is automatically filled in.

  1. Go to Chart of Account.
  2. Fill up the Default IC Partner G/L account that is used for intercompany transactions.




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