@Jordan Sellers Could you explain a bit further as i don;t understand this stuff but trying to help the global accounts lead out.

Parent Pays bill for Child. Create Fake Bank at Child Sub, Process payment using that Bank. Create Interco JE to move CREDIT from Child Co Bank to Parent Co Bank

Thanks.

lol much shorter and simpler --> clearer explanation than what i was typing. that’s exactly it! thanks @C_Billings

The parent pays bill for child thing. Is confusing. as the company that is paying the bill is another subsidiary not the parent company of the sub.

Same difference...its just a different sub and as such it will be an intercompany transaction...even the accountants should agree..KPMG agreed when I did it

So Parent Sub Pays bill for Sub. Create Fake Bank at Sub, Process payment using that Bank. Create Interco JE to move CREDIT from Sub Co Bank to Parent Sub Co Bank

of course

i suppose you would have to know the exchange rate that it was paid with?

its never easy

OMG this is my first dive into OneWorld and i dont much like it lol

It gets easier...you will be thinking like a GL accountant in no time...or running away screaming...one of the two

1. Sub gets bill in USD. Bill Raised on NS 2. Parent Sub pays with CC in GBP. 3. Payment needs to go on Parent Sub Account.

by raising payment do you mean create a JE? if so check the JE currency...might be filtered

No going to supplier and clicking make payment