NOTE: Auto-Accept Transactions from Intercompany Partners function is available in 2022 release wave 1. The configuration is included in Intercompany setup card.
| Steps | Description |
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| 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.
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.
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| 2 | To setup Intercompany Partners
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.
f. Purchase Transaction - fill up the information in purchase transaction tab for setup intercompany vendor.
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| 3 | To setup 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 | To setup default 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.
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