Intercompany Settlement Accounts

Set up intercompany accounts using the Accounts by Object program (P0901). For the hub, detail, or configured hub method, set up one intercompany settlement account for each company:

• Enter both a business unit and object account.

• You can enter a subsidiary account, but this is not required.

It is recommended that you use:

• A business unit number that is equal to the company number.

• The same object account for all intercompany receivables and payables accounts to facilitate inquiry, reconciliation, and consolidation.

• A posting edit code of M (machine-generated only).

  This posting edit code allows only entries that were created by the system and protects the integrity of the account.