Intercompany Settlement Constant

Use the Intercompany Settlements field in the General Accounting Constants to specify which one of these intercompany settlement methods that you want to use:

Method	Description
Method 1	Use the hub method to create summarized journal entries for your intercompany settlements between a designated hub company and related companies.
Method 2	Use the detail method when you do not want to specify one company as the main company or headquarters company.
Method 3	Use the configured hub method when you need to designate more than one company as a hub company.
Method N (no intercompany transactions)	Do not use intercompany settlements. The system does not post a batch that contains intercompany transactions. If documents in a batch contain more than one company, but each company is in balance, the system will post the batch. It is not considered an intercompany settlement.
Method * (manual intercompany settlements)	The system posts intercompany transactions but does not create balancing entries for the companies. You must manually create the balancing entries that show on the General Ledger Post Report.

Note: When choosing a method of intercompany settlements, you must also consider which offset entry method to use for JD Edwards EnterpriseOne Accounts Payable and Accounts Receivable. The offset entry method is the method that the system uses when posting vouchers, payments, invoices, receipts, and drafts to the Account Ledger table (F0911). These offset entry methods are available:For intercompany settlement method 1, use offset method B, S, or Y.For intercompany settlement method 2, use offset method B, S, or Y.For intercompany settlement method 3, use offset method S or Y.

See also:

• "Setting Up System Controls for Accounts Receivable" in the JD Edwards EnterpriseOne Applications Accounts Receivable Implementation Guide.

• "Setting Up Accounts Payable Constants" in the JD Edwards EnterpriseOne Applications Accounts Payable Implementation Guide.