Inter Company Receivable Setup

To post receivables to an Inter Company account.

Pre-Requisites

1. Customer Master
2. GL Accounts

Step-by-Step Guide

1. Set up a Receivables Type: Master - Sales - Receivable Types
   
2. Setup an Inter-Co Sales Type then click ellipsis to enter AR account
   
3. Set AR Account for the desired Company/Division.  If you do not set GL account then system uses AR Account from Control accounts
   

4. Set the customer(s) to the new Receivable Type.

   

• The ‘Internal Customer’ check box needs to be check for the system to know to post to the intercompany or interdivisional sales accounts. (This only works when the companies are all on the same server.)  The ‘Company:’ and the ‘Division:’ fields are the internal customer’s company & division. 

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• For interdivisional sales, the system notes the internal customers company number is the same company number as the selling company’s, recognizing the sale is to be posted to the Interdivisional sales account identified in the Inventory Type.

• For intercompany sales, the system notes the internal customer’s company number is not the same company number as the selling company’s, recognizing the sale is to be posted to the Intercompany sales account identified in the Inventory Type.