![]() ![]() If you enter the account number, enter it as an unformatted string. The Company ID for the company you select appears below the list box.Įnter or select Originating Company Due To/Due From accounts. This is the company you establish an intercompany relationship with. Once you've chosen an originating company ID, that field is locked that is, you must save or clear the intercompany relationship before you can enter another originating company ID. When you select an originating company ID, other companies you have access to appear in the Destination Company Name list. (Microsoft Dynamics GP menu > Tools > Setup > System > Intercompany)Įnter or select an Originating Company ID. If you’re not using Multicurrency Management, originating and destination companies must have the same functional currency. Setting up an intercompany relationship enables you to record transactions in General Ledger or Payables Management for the originating company that will create transactions in the General Ledger for the destination company. Use the Intercompany Setup window to define relationships between companies that can have intercompany transaction interaction. When you’ve completed setting up those modules and the Intercompany Processing setup tasks, you’ll be ready to begin performing the tasks described in Chapter 3, “Intercompany transactions.”. Before you set up Intercompany Processingīefore you begin setting up Intercompany Processing, be sure you’ve completed the setup procedures for System Manager, General Ledger, and Payables Management. Originating company The company in which you initiate an intercompany transaction. Intercompany transaction Any transaction that contains distributions to another company. This breakout prints only on edit lists (in Payables Management) and posting journals (in General Ledger and Payables Management). The due to/due from accounts are often called Intercompany Payable and Intercompany Receivable in the chart of accounts.īreakout of due to/due from accounts Detail created by Dynamics GP showing the distribution account you enter and the offsetting due to account or due from account for each intercompany distribution. They are defined here and used throughout Intercompany Processing documentation.ĭestination company A company that will be the recipient of an intercompany transaction.ĭue to/due from accounts General Ledger accounts used by Microsoft Dynamics GP to track amounts to be paid or to be collected among companies. Intercompany Processing uses terms not used elsewhere in Microsoft Dynamics GP. This information is divided into the following sections:īefore you set up Intercompany Processing You can also use the setup procedures whenever you add Intercompany Processing relationships. Chapter 1, “Intercompany Processing setup” describes what to do before you set up Intercompany Processing and provides steps to set up an intercompany relationship.īefore you can begin entering intercompany transactions, you must set up the relationships between companies. ![]() Use this part of the documentation to familiarize yourself with Intercompany Processing terms and set up intercompany relationships. Part 3, Inquiries and Reports describes procedures that help you analyze intercompany financial information. It also describes the process of posting intercompany transactions so they become permanent records. Part 2, Transactions provides a step-by-step guide for recording transactions in one company that will create transactions in the General Ledger of another company. Part 1, Setup walks you through setting up company relationships for Intercompany Processing. The manual is divided into the following parts: To view information about the release of Microsoft Dynamics GP that you’re using and which modules or features you are registered to use, choose Help > About Microsoft Dynamics GP. Some features described in the documentation are optional and can be purchased through your Microsoft Dynamics GP partner. To make best use of Intercompany Processing, you should be familiar with systemwide features described in the System User’s Guide, the System Setup Guide, and the System Administrator’s Guide. This manual is designed to give you an understanding of how to use the features of Intercompany Processing, and how it integrates with the Microsoft Dynamics GP system. You can use Intercompany Processing to set up, enter, and maintain relationships between companies so revenues or expenses incurred in one company (the originating company) can be tracked as “due to” or “due from” amounts in other companies (destination companies).
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