Inter-Inventory Transfer Credit
| Collects the cost of the transfer charge. These charges reduce expenses for the sending organization.
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Inter- Organization Payable
| Used by the receiving organization as a clearing account, and represents inter-company payables. You should reconcile inter-organization payable and receivable accounts during period close.
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Intransit Inventory
| Represents the value of transferred inventory that has not arrived at the receiving organization. Depending on the Freight On Board (FOB) point defined for this transfer, the Intransit inventory is owned by either the shipping organization, FOB receipt, or the receiving organization, FOB shipment. Inventory uses this account when the transfer organizations use intransit inventory. If you use average costing, this account defaults from the organization level material account and you cannot change it.
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Inter- Organization Receivable
| Used by the shipping organization as a clearing account, and represents inter-company receivables. You should reconcile inter-organization payable and receivable accounts during period close.
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Inter - Organization PPV
| Under standard costing, the receiving organization uses this account to recognize the difference between the shipping organization standard cost and the receiving organization standard cost.
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