If using more than one company, you may commonly perform Inter Company Fixed Asset operations such as selling Assets to another company or purchasing an Asset on behalf of another company. If so you will need to indicate how Companies are related. Some thought will have to go into this operation if using a General Ledger as this information details what Accounts are used to raise journals to, when performing Inter Company operations, such as Purchasing and disposing of assets.
The New, Properties or Delete selection from the previous screen will display the Inter Company Loan Details dialogue box which will allow you to define or amend details of the intercompany relationships with regards to General Ledger accounts for which transactions are to be posted. The top part of this screen describes the mode of operation selected and the actual company for which the details are to be established.
1. Select the Inter Company Loan Account option from the Maintenance Menu.
2. Once you have made this choice you will be presented with the Inter Company Loan Accounts dialogue box, which will allow you to define relationships between companies.
3. New, Properties & Delete Push Buttons: To create a new Company, press NEW. To amend the Properties or delete an existing item select the row in the table, the Properties and Delete button will become enabled. Press these buttons to amend the properties or delete. These three buttons create the Inter Company Loan Accounts Details screen.
4. Preview and Print Push Buttons: To see a listing report of existing Inter Company Relationships press Preview to view the report to the screen or Print to print the listing on a printer.
5. Company: Select the company that the current company will be dealing with. This combo box is populated with all companies set up in System Maintenance, Company Maintenance.