Intercompany transaction definition11/30/2023 Query for accounting period for the Intercompany Transaction Type Period status is maintained at Transaction type level. Next Step: Open period for the intercompany transaction type Navigate: Financials>Define and Maintain Intercompany Processing Rules>Manage Intercompany Period Status. We will use “Intercompany Sales” in our example. This configuration controls below for the transactions created using the speciffic transaction type:Ī) Invoicing: If selected “Yes” then system would created Intercompany receivable and payable invoices, else after approval if intercompany transcation, accountings can directly be transferred to general ledgerī) Manual Approval: If selected “Yes” then on submission of intercompany transaction, receiver organization to approve the Inbound transaction for further Processing. Intercompany transaction type is used while creating intercompany transaction.
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