Intercompany payments can be configured, with the following capabilities.
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- In the Chart of Accounts, enter the new Account Codes to be used for intercompany payments, with a Y in the I/C (intercompany) column.
- In Account Periods, enter the account number for the default intercompany account to use.
- In the Address Book, enter an internal company as owner, type = O (or charterer, type = C), and select the Internal check box.
- Open the Address Book record of a company whose payments are taken care of by another company, and add the other company as the Payment Company.
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| title | Related Configuration Flags |
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| Name/Flag | Description |
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Limit IC Journal on IC Account
CFGActLimitICJournalOnICAccount | Limits the Intercompany Journal to only two lines. | Enable Intercompany Security
CFGEnableIntercompanySecurity | Enables Intercompany Security, which enables you to establish which of your internal companies can transact with each other. Invoices or journal entries constituting transactions between internal companies not authorized per the setup on the Intercompany Security form cannot be posted. |
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