Inter Company Receivable Setup

Inter Company Sales Account used to track inter company sales between companies setup in ERP

If you enter a sales order for a different company division than the ones on the Customer master the software will use the inter-division GL account if the sale is in the same company but different division. Or it will use the inter-company GL account of the sale is in a different company.

***NOTE: If you do not have internal customers then you do not have to setup these GL accounts on the inventory type***

Pre-Requisites

Step-by-Step Guide

Set up a Receivables Type: Master - Sales - Receivable Types

Setup an Inter-Co Sales Type then click ellipsis to enter AR account

Set AR Account for the desired Company/Division. If you do not set GL account then system uses AR Account from Control accounts

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.

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.