How do you enter a loan from one subsidiary to the...
# oneworlde
Esther
02/09/2021, 7:50 PMHow do you enter a loan from one subsidiary to the next in one world?
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blue
02/10/2021, 1:17 AMUsing the Advanced Intercompany Journal entry feature. If the account type of the payable account you will use is Accounts Payable, the journal you made will display in the Pay Bills page and you can pay it like a normal vendor bill. Otherwise the closing of the payable will be done via journal entry also.
blue
02/10/2021, 1:18 AMMake sure also that the subsidiaries are setup as vendors and customers if you plan to eliminate the entry during monthend closing