Intercompany Settlements: Scenario Two
Assuming that you have set up intercompany settlements in the JD Edwards EnterpriseOne Payroll system, the entries for the employee are:
In balance by company
In balance by document type within a company
These tables illustrate document type T2 (labor distribution) journal entries for the employees in each company.
Company 1:
Document Type |
Journal Type |
Account |
Description |
Debit |
Credit |
|---|---|---|---|---|---|
T2 |
AW |
1.4205 |
Wages Payable |
0 |
1000 |
T2 |
IC |
1.1291.00050 |
Intercompany |
1000 |
0 |
Company 50:
Document Type |
Journal Type |
Account |
Description |
Debit |
Credit |
|---|---|---|---|---|---|
T2 |
LD |
501.8115 |
Labor Expense |
1000 |
0 |
T2 |
IC |
50.1291.00001 |
Intercompany |
0 |
1000 |