MEM Intercompany Setup

Use this page to set up different sets of Due To and Due From accounts based on the account type (credit or debit) of the original transaction.

Note: You might require permission to access the setup pages and perform set up tasks. For assistance, contact your system administrator.

If you use additional dimension, you can set up intercompany for the additional dimensions on the Multi-Entity Management Setup and MEM Additional Intercompany Setup pages.

For examples, see Intercompany: Examples.

Set Up Intercompany

To set up the intercompany distribution account mappings, follow these steps: 

1. Select the Originating entity and the Destination entity.
2. In the Due To and Due From Accounts Information area, specify the Due To and Due From accounts for both the originating and destination entities. The destination entity selected must be different from the originating entity.
3. Repeat these steps to set up the accounts for other originating-destination entity combinations.

Caution: If the same General Ledger account is used for multiple intercompany distribution account mappings, the MEM Trial Balance might not work as expected because Multi-Entity Management uses the General ledger balance as a total.

Delete Intercompany

To delete the intercompany distribution account mappings, follow these steps:

1. Select the Originating entity and the Destination entity.
   The destination entity selected must be different from the originating entity.
2. In the Due To and Due From Accounts Information area, delete the accounts that you do not want.
3. Repeat these steps to set up the accounts for other originating-destination entity combinations.

Fields

The following field boxes are available: 

Field	Description
Originating	Select the entity from which intercompany transactions originate. The entity name or description appears to the right of the identifier.
Destination	Select the entity for the destination of intercompany transactions .
Due To and Due From Accounts Information
Originating Due To and Due From	Account Name Displays the description of the Due To or Due From account selected. Due To Account Code Select the account to be used for the originating entity. Due From Account Code Select the account to be used for the originating entity. To set up other entities and dimensions to use the same Due To or Due From accounts, select the ellipses button and complete the Edit Dimension Set Entries dialog page.
Destination Due To and Due From	Account Name Displays the description of the Due To or Due From account selected. Due To Account Code Select the account to be used for the destination entity. Due From Account Code Select the account to be used for the destination entity. To set up other entities and dimensions to use the same Due To or Due From accounts, select the ellipses button and complete the Edit Dimension Set Entries dialog page.

Edit Dimension Set Entries

Use this dialog page to add other dimensions to use common Due To and Due From accounts for transactions where MEM intercompany journal entries are created. This setup allows you to keep track of each intercompany payables or receivables transaction without having to create too many Due To and Due From accounts for each pair of entities. View example.

Actions

This page contains the following actions: 

Button	Description
Import	Allows you to select a file for importing existing Due To and Due From accounts. For file format information, see Import Intercompany Setup. Note: The Import action is a hidden field, as of MEM version 1.1.102.0. For more information about accessing hidden fields, see Work with fields and columns.

See also

MEM Setup Workflow

Intercompany Setup Workflow

Intercompany: Examples