Intercompany Settlements: Scenario One
Assuming that you have not set up intercompany settlements in the JD Edwards EnterpriseOne Payroll system, the journal entries for the employee are:
In balance by document type across all companies
Out of balance by company
Out of balance by document type within a company
These tables illustrate the document type T2 (labor distribution) journal entries for the employee.
Company 1:
Document Type |
Journal Type |
Account |
Description |
Debit |
Credit |
|---|---|---|---|---|---|
T2 |
AW |
1.4205 |
Wages Payable |
0 |
1000 |
Company 50:
Document Type |
Journal Type |
Account |
Description |
Debit |
Credit |
|---|---|---|---|---|---|
T2 |
LD |
501.8115 |
Labor Expense |
1000 |
0 |