Note: As you enter your journal lines, General Ledger will calculate the journal balancing amount and enter it in the appropriate column (Debit or Credit) of the Intercompany Clearing Account line.
If you are entering the receiving subsidiary's transaction journal lines, the intercompany clearing account amount must offset the sender's intercompany clearing account amount. For example, if the sender's amount is a debit of $20,000, your amount must be a credit of $20,000. If not, when you approve the intercompany transaction you will get an error noting that the transaction is out of balance.
Defining Recurring Intercompany Transactions
Reversing Approved Intercompany Transactions
Deleting Approved Intercompany Transactions
Running the Intercompany Transfer Program
Defining CENTRA Subsidiaries
Defining Intercompany Transaction Types