We have enabled the Centralized Purchasing and Billing feature. On the purchasing subsidiary, the GL impact of the Vendor Bill with an Inventory Item is: Dr. Accrued Purchases Cr. A/P This is the same as recording a regular Vendor Bill (purchased, received and billed by the same subsidiary). On the receiving subsidiary, the GL impact of the Item Receipt with an Inventory Item is: Dr. Inventory Asset Cr. Accrued Purchases Again, same as regular Item Receipt. In the Period Closed Checklist, when I run the Generate Intercompany Cross Charges task, it does not generate any transactions to recognize the intercompany transaction between the purchasing and receiving subsidiaries. I have gone through the Intercompany Preferences page. I have default intercompany A/R and A/P accounts, trading currency, intercompany entities, etc. Not sure what else I am missing here. I just want to see if NS would get rid of the accrued purchases and record an intercompany AR and AP. And what happens if there is a discrepancy between the accrued purchases in the Vendor Bill and Item Receipt, I doubt NS handles that in this case.