Account Types and Intercompany Transactions

Most types of accounts can be used for intercompany transactions, but may have different rules depending on the account type. Information about the differences related to intercompany transactions for different account types follows.

• Accounts Receivable and Accounts Payable

• Equity, Income Statement, and Inventory Accounts

• Balance Sheet Accounts

• Other Account Types and Exceptions

• Intercompany Accounts for Cross-Subsidiary Purchases and Sales

Note:

For arm's length intercompany inventory transfers, the Eliminate Intercompany Transactions task on the Period Close Checklist does not return intercompany clearing accounts to zero. Reporting at the subsidiary level displays the intercompany clearing account with an accumulated balance.

Related Topics:

• Intercompany Accounts
• Creating Intercompany Accounts
• Creating Intercompany Customers and Vendors
• Intercompany Inventory Items Guidelines
• Customizing Standard Journal Entries for Intercompany Elimination
• Setting Up Automated Intercompany Management

General Notices