#C29HKGM6J #C298P0BCK If we post all our intercompany transactions using 1 month end Adv I/C Journal, how can I post the payments for moving cash between subsidiaries? I need to write down Intercompany A/R and Intercompany A/P in the respective subsidiaries but I can't post an Adv I/C journal with A/R, A/P and the bank accounts....can i?

@nsAI are you operating on a cost plus markup? Regardless, there are generally two ways to solve this - 1) through intercompany netting features (newer feature set), or by using an intercompany bill, invoice, payment application sequence. Depending on the nature of your intercompany (eg is it arms length? Will it ever actually be paid back? Etc).. the best choice will likely be more clear. Feel free to DM if I can help further.

Thanks @Sara Dickinson they do want to show cash movement between subsidiaries but they don't really want to use the PO -> SO -> INvoice -> Bill process....too many transactions. They are just posted I/C Journals to post A/R and A/P so need to clear those balances occasionaly

Are they operating on a cost plus markup? No “real” arms length sales between entities of any kind or form?

Kind of both....we have one subsidiary (US based) and one subsidiary (India based) that would be described as arms-length transactions...then 2 US based entties that really are just sharing resources until they can be fully merged, but still need to show I/C cogs

For the latter 2, consider setting up an intercompany clearing account that you would use to debit/credit the same account instead of using the payables and receivables. I would actually start there before setting up netting as it’s much easier. There are other features you can add to simplify that process too like intercompany time and expense.

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