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Intercompany General Journal - Example

Company B creates intercompany settlement for Company A:

  1. In Company B, in the Intercompany General Journal, select a bank account on the line and the settlement amount.

  2. Select IC Partner in Bal. Account Type field and Company A, entity HDO as the Balancing Account.

  3. Select the Payment Received GL account, this is the GL Account from the Company A chart of accounts.

  4. Once the general journal is posted, Business Central will create the Outbox transaction in Company B which will be sent to Company A.

  5. Accept the invoice in the Company A, Inbox. The system will create the Intercompany General Journal with the Payment Received GL account and IC partner, Company C, to balance the transaction.

 

See also

Intercompany Suite: Overview