Intercompany Transactions
The Intercompany Transactions module simplifies and significantly reduces the amount of work required to record General Ledger and Accounts Payable transactions across multiple companies. Using this module, you can automatically distribute your transactions to the appropriate companies and corresponding intercompany loan accounts based on relationships you define.
- Automatically make loan account entries for intercompany transactions and distribute invoices to as many General Ledger accounts as required
- Enter transaction references and descriptions to provide a detailed audit trail for reconciliation purposes
- Handle tax computations for expensed, allocated, or recoverable taxes.
- Print an intercompany loan account reconciliation report to identify errors between companies.
