on 2016 Feb 27 5:03 AM
Dear Gurus,
I need one clarification regarding inter company payment.
1. My company code(1700) taking all invoices from c.code (1100) behalf of other vendors. It means all vendors they are sending invoices to 1100 c.code
At that time 1100 c.code passing entry.
01 Customer account(1700) dr
31 to Vendor account cr
In 1700 c.code books entry
40 Expenses account dr
31 to Vendor(1100) account cr
Now, my question is Holding company code(1000) is paying to 1100 c.code behalf of 1700.
How we can clear in 1700 company code liability(1100).and what is the entry?
Could you please advise me on this?
Regards,
Viswanadh
Hi
while processing payment you can select open items from other company code after you click on "process open items" enter company code 1100 and vendor you need to clear.
so, system will automatically post to intercompany clearing account.
Regards
Srini
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Are you using F110 payment process to pay vendors?
Normally in situations like this you configure in F110 that your main company 1700 is the paying company code for vendor invoices on 1100.
So you post a vendor invoice directly on 1110 and it looks like
CoCode: 1100
31 Vendor
40 Expense
Then F110 payment runs and posts a payment to the vendor on the company code 1700 and clears the vendor account on the company code 1100
CoCode: 1100
25 Vendor
31 Intercompany Vendor 1700
CoCode: 1700
01 Intercompany Customer 1100
50 Cash Account
The vendor line on the invoice is cleared by the payment document vendor line.
Intercompany Customer and Vendor are cleared through an Intercompany clearing process, which can be different by company . Some use automatic clearing F.13, some use direct settlement through the settings on the customer/ vendor master.
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