Intercompany Transaction Types

Use intercompany transaction types to manage the processing of intercompany transactions. When you create an intercompany transaction you must select an intercompany transaction type.

The attributes of the transaction type determine how the intercompany transaction is processed. A transaction type helps you to specify if a transaction is transferred directly to General Ledger or if it requires invoicing in Receivables and Payables. The transaction type also determines if a transaction requires manual approval.

You can only change the transaction type if all existing transactions for that transaction type are either in the New or Complete status. So for all transactions that are in not in the New or Complete status, you must process them until they are in the Complete status. After the status is complete, you can change the transaction type.

Use the Manage Intercompany Transaction Types task from the Setup and Maintenance work area to set up and maintain intercompany transaction types.

Enabling Transaction Type for Multitier Flow

A transaction type must be enabled for multitier so that it can be used for multitier flow. A transaction type will then be selected and defined at the intercompany agreement level and will determine the processing of transactions for that agreement.

Note: A transaction type that is enabled for multitier flow will not be available for use in the standard intercompany flow.