Currently when processing a General Ledger Journal to an intercompany loan account the user is prompted to enter child company journals if required. This functionality is also available in various other parts of the software:
•Accounts Payable Invoicing – Real Time Entry only (Accounts Payable module only) when invoicing to a distribution code, or directly to a General Ledger account.
•Accounts Receivable Invoicing Real Time Entry only (Accounts Receivable module only) when invoicing to a distribution code, or directly to a General Ledger account.
•Manual Cashbook type Payments function
•Cashbook Receipts function.
1. Upon selecting the loan account the user will be presented with a message asking if they wish to enter the
Journals for the other company.
2. If the user selects “Yes” the Inter Company Journal Entry window will appear, where they can select the appropriate loan account, and the Contra Account for the other company. The amount field will be automatically updated after the initial transaction has been completed.