Due To / Due From
Article Contents: This articles contains instructions on how to set up and use Intercompany (Due To/ Due From) Processing in Accounts Payable.
Intercompany processing allows you to pay an invoice from the entity company and automatically distribute the expenses to subsidiary companies without logging into each subsidiary.Step-By-Step:
Step 1: Go to System Setup → Accounts Payable Setup → Due To / Due From (Intercompany).Select the company you want to configure.
Check “Intercompany Y/N”.
Enter the Due To account, this is the account that posts to subsidiary companies.
Enter the Due From account, this is the account that posts to the entity company (for example, a clearing or receivable account).
- Click Save & Close to complete the setup.
Step 2: To enter an invoice using Intercompany:1. Go to Accounts Payable → Invoices → New.
2. Enter the invoice details and check the “Intercompany” box.
3. Enter the Companies and distributions associated with the invoice.4. Use Insert for each line until the Amount Remaining to Distribute equals zero.5. Click Save & Close or Post to complete the invoice entry.Step 3: To review posted transactions:
To see transactions posted to the entity company, go to General Ledger → Ledger → Posted GL Transactions.
To see transactions posted to subsidiary companies, log into each subsidiary and view Posted GL Transactions.
Using InterCompany processing allows you to distribute expenses to subsidiaries without manually entering invoices in each company.
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