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Intercompany

  • 1.  Intercompany

    Posted 8 days ago
    Looking to better understand how the intercompany features work in GP-

    We are using intercompany GL Account for intercompany transactions (simple JE's made in multiple entities)
    I see there is a box when creating a JE with the word intercompnay
    Can someone explain this feature and what is it used for and how?

    Thanks in advance

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    Rose Stern
    Financial Controller, CPA
    Lion Tree
    New York NY
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  • 2.  RE: Intercompany

    TOP CONTRIBUTOR
    Posted 8 days ago
    The intercompany checkbox enables the user to select a different company on the distribution line. The user can select the account from that company.

    The user does not enter the due torque from accounts. When the entry is eventually posted in GL, in case you only post to GL, the system creates the intercompany distributions.

    You need to set up the intercompany relationships in the system setup menu.

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    Charles Allen
    Senior Managing Consultant
    BKD Technologies
    Houston, TX
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  • 3.  RE: Intercompany

    Posted 7 days ago
    I have a follow up question- does it need to be for different companies in GP or can this tool be used for different segments in GP meaning our account setup is
    XXX-XXXXX-XX the first segment represents different entities and we have in place a control to prevent a JE to be cross entities if that makes sense.  However for this intercompany feature mentioned above how can i utilize this feature cross entities like I am hoping??

    thanks

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    Rose Stern
    Financial Controller, CPA
    Lion Tree
    New York NY
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  • 4.  RE: Intercompany

    TOP CONTRIBUTOR
    Posted 7 days ago
      |   view attached

    Great question. The Intercompany module requires different companies.

     

    There's also a module called Intrafund that enables you to do intercompany processing between "companies" within a database. I've attached an old presentation I did on the two modules.

     




    Attachment(s)



  • 5.  RE: Intercompany

    Posted 7 days ago

    Rose,

    I just want to add that in many cases, the GP Intercompany\Intracompany module works fine.  If you find that it's limited for you, check out the Nolan Advanced Intercompany module.

    Stefanie



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    Stefanie Christiana
    Glidewell Laboratories
    Irvine CA
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