Defining Intercompany Accounts
If you choose to balance intercompany journals for your set of books, you can define intercompany accounts for specific sources and categories.
When you define your set of books, you assign a default intercompany account. You can define intercompany accounts in addition to the default intercompany account for your set of books. General Ledger posts a balancing amount to this account when there is no intercompany account defined with a matching source, category, and type.
Define your set of books
Define your journal entry sources
Define your journal entry categories
To define an intercompany account:
1. Navigate to the Intercompany Accounts window.
2. Specify the Source and Category that applies to the intercompany account you are defining.
The default intercompany account you specified when you defined your set of books appears with the source and category Other for both debits and credits. You can define additional intercompany accounts using Other for either the source or the category, but not both.
Note that if you update the intercompany account in the Set of Books window, both debit and credit default accounts are updated. Likewise, if you update the debit default account in the Intercompany Accounts window, the account in the Set of Books window is updated. However, if you update the credit account in the Intercompany Accounts window, the account in the Set of Books window is not updated.
3. Enter the Type of balancing entry (Debit or Credit) for which you want to define an additional intercompany account.
If you want both debit and credit amounts to be posted to the same additional intercompany account, you must enter the intercompany account on two lines, one for each type.
4. Enter the Account against which the balancing amount should be posted. You can assign multiple unique combinations of source, category, and debit/credit to a single account.
General Ledger automatically creates an intercompany account for each balancing segment value. For example, if you want to create additional intercompany accounts for the five companies in your chart of accounts, define accounts for only one company segment value. General Ledger uses the account you enter for one company as a template for the remaining four companies. When you post intercompany journals against any of the other four companies, General Ledger automatically substitutes the appropriate company segment value in your template.
Defining Sets of Books
Defining Journal Sources
Defining Journal Categories
Performing Multi-Company Accounting in Oracle General Ledger