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Entering Intercompany Transactions

Use the Enter Intercompany Transaction window to enter, update, approve, or reject intercompany transactions. You can also mark transactions to be deleted.

Additional Information: The sending and receiving subsidiary do not have to share the same chart of accounts.


   (Sender) To enter an intercompany transaction:

Note: You can only enter intercompany transactions for a subsidiary if your system administrator has set up access to the subsidiary from your responsibility.

You can only submit transactions for the subsidiary that is associated with your responsibility.

Note: General Ledger automatically enters your subsidiary name in the Sender field.

Note: When creating an automatically approved transaction, you must enter the receiver's intercompany transaction journal lines.

   To update a previously submitted intercompany transaction:

Additional Information: If your subsidiary has parent privileges, you can query transactions for any subsidiary. Otherwise, you can only query transactions for which your subsidiary is the sender or receiver.

Additional Information: If the transaction status is Approved, you can only modify the Note.

Note: If you are the receiving subsidary, you cannot modify the sender's accounts or amounts.

   (Receiver) To approve or reject an intercompany transaction:

To approve the intercompany transaction: To reject the intercompany transaction:
Suggestion: Use the Note field to enter your reason for rejecting the transaction.

Note: You cannot reject a transaction that was automatically approved by the sender.

   (Sender) To mark an intercompany transaction for deletion:

Use these steps to mark a transaction whose status is Review or Rejected for deletion. Note: These steps do not delete approved transactions. See: Deleting Approved Intercompany Transactions.

Note: You can only delete a transaction if its status is New or Rejected.

See Also

Entering Intercompany Transaction Journal Lines

Defining Recurring Intercompany Transactions

Reversing Approved Intercompany Transactions

Deleting Approved Intercompany Transactions

Running the Intercompany Transfer Program

CENTRA Overview

Defining CENTRA Subsidiaries

Defining Intercompany Transaction Types

Specifying Intercompany Clearing Accounts

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