Intercompany Cross Charges 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.

Do you use IC Framework? If so are your subs in the same currency?

Yes, IC Framework is enabled. The subsidiaries have different currency bit I thought it'd use the Trading Currency in the Intercompany Preferences page.

IC Framework only works for one currency. in other words, NS compares absolute values which obviously are different in dif currencies. So…. skip this step and move to the regular elimination which you need to setup yourself, manually or via scheduled actions (issue IC invoices, Issue IC VBs)

Ahhhh I thought that's the purpose of the trading currency, so the subsidiaries can have different base currencies but the cross charges will be based on it.

it would be way, way too nice LOL

what's the trading currency for?

??? do you mean “transactional”?