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   To enter intercompany transaction journal lines:

1. On the Enter Intercompany Transaction window, select Sender or Receiver from the poplist.

2. For each journal line, enter the Line number, Account, and the Debit or Credit amount.

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.

3. Enter the Intercompany Clearing Account. The account must have been defined as one of the subsidiary's intercompany clearing accounts.

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.

See Also

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