Intercompany Transactions

Intercompany Transactions allows you to create and distribute transactions across multiple companies. More...

The program provides the following features and benefits:

• Entry of intercompany General Ledger journals and intercompany Accounts Payable invoices, credit notes, debit notes, or interest charges.
• Multilevel routes between companies, so there can be any number of intermediate companies between the originating company (the originator) and the ultimate destination company.
• An unlimited number of routes between any two companies. You choose the route at the time a transaction is entered.
• Transaction references and descriptions to provide a detailed audit trail for reconciliation purposes. In addition, the system includes comprehensive batch listings, batch status reports and posting journals.
• An extended description field on the G/L Transactions listing and a new G/L transaction inquiry screen. You can enter descriptions for each detail in ICT A/P and ICT G/L batches.
• An intercompany loan account reconciliation report to identify loan accounts that do not agree.
• Capacity for different companies to have different year-ends. The software automatically adjusts the period number as transactions are created in each company.
• Full multicurrency support.
• Full integration with Tax Services.
• Support for 1099 (USA) and CPRS (Canada) reporting. If you have vendors who are subject to 1099 or CPRS reporting, you can enter this amount in the A/P Invoice Entry screen.

Depending on your purchase agreement, some features described here may not be available in your product.