Defining Recurring Intercompany Transactions
Define recurring intercompany transactions if you regularly make the same intercompany transactions between subsidiaries. For example, if one of your subsidiaries rents office space owned by your parent, you may need to make monthly entries to record the reciprocal intercompany receivable and payable. You can simplify this by defining a recurring intercompany transaction, then generating the transaction when needed.
(Sender) To define a recurring intercompany transaction batch:
1. Navigate to the Define Recurring Intercompany Transaction Batches window. General Ledger automatically enters your subsidiary name in the Sender field.
2. (Optional) Enter a description for your recurring batch.
3. Enter the range of Effective Dates to limit use of the recurring intercompany transaction to a specific time interval.
Attention: To prevent recurring intercompany journal batches based on the effective dates from being generated, the generation date must fall outside the effective date range of all the transactions in the batch.
4. Mark the AutoSelect check box if you want this recurring intercompany transaction batch to be selected automatically when you generate recurring intercompany transactions. If you do not check this box, you must manually select the batch in the Generate Recurring Transactions window.
5. (Optional) Choose AutoCopy to copy the transactions from an existing recurring intercompany transaction batch.
6. Choose Transactions to define the transactions in your recurring intercompany transaction batch.
(Sender) To define recurring intercompany transactions:
1. Choose the Transactions button from the Define Recurring Intercompany Transaction Batches window. The Define Recurring Intercompany Transactions window appears.
2. Enter a Transaction name.
3. Enter a transaction Type or select one from the list of values.
4. Enter or select the Receiver. This is the name of the CENTRA subsidiary who is the other party to your intercompany transaction.
5. Enter the transaction's Currency.
6. (Optional) Enter a Control amount. If entered, the amount must be the same as the amount calculated for your clearing account.
7. (Optional) Enter a transaction Description.
8. (Optional) Enter a Note.
10. (Optional) Select Receiver from the poplist, then enter the receiving subsidiary's intercompany transaction journal lines.
Note: When creating an automatically approved transaction, you must enter the receiver's intercompany transaction journal lines.
12. Repeat the steps above for any other transactions in the batch.
See Also
Generating Recurring Intercompany Transactions
Entering Intercompany Transactions
CENTRA Overview
Defining CENTRA Subsidiaries
Defining Intercompany Transaction Types
Specifying Intercompany Clearing Accounts
