Accounting › Ledger
Intercompany
Two of our companies traded with each other: raise both sides together, agree them before the close, and mark them so the group can take them out.
In Accounting → Ledger · 3 screens
RecordsIntercompany RelationshipsWho may trade with whom, on what transfer-pricing basis, and through which accounts. A pair that is not declared is a transaction nobody agreed to.OpenRecordsIntercompany TransactionsOne row holding both sides, because two rows is how the sides come to disagree. Raising it posts in both companies inside one transaction.OpenRecordsIntercompany ReconciliationWhat each pair says about the other, and the difference. Run before a close, not after: a difference found after the group is published is a restatement.Open
Columns, fields and actions
| Screen | Kind | What it is | Columns | Fields | Actions |
|---|---|---|---|---|---|
| Intercompany Relationships | List | Who may trade with whom, on what transfer-pricing basis, and through which accounts. A pair that is not declared is a transaction nobody agreed to. | 9 | 16 | 0 |
| Intercompany Transactions | List | One row holding both sides, because two rows is how the sides come to disagree. Raising it posts in both companies inside one transaction. | 9 | 12 | 1 |
| Intercompany Reconciliation | List | What each pair says about the other, and the difference. Run before a close, not after: a difference found after the group is published is a restatement. | 10 | 6 | 2 |