Default Accounts by Profit and Loss Setup of Intercompany Solution
This window enables you to define the default accounts by profit & loss that is used when you post G/L allocation transactions. For the Profit & Loss Account Classification, the system matches the Account Type on the allocation line to the Account Type in this setup in the receiver system when creating reciprocal journal voucher. The G/L account defined against the account type is used in the journal voucher in the receiver system.
Note
- This setup must be performed in all branch companies.
- This setup is used by the G/L Allocation and A/P Service Invoice Allocation features.
To display the Default Accounts by Profit & Loss window, choose Administration → Setup → Intercompany → Default Accounts by Profit & Loss
Default Accounts by Profit & Loss Window
|
Field |
Definition |
|
Account Classification Id |
Displays the account classification internal id. This field is read-only. |
|
Account Type |
Displays the account type. This field is read-only. |
|
G/L Account |
Define G/L account to be used for G/L allocation transaction. You must choose accounts that are defined as All Currencies accounts in the Chart of Accounts. Press TAB to display a list of G/L accounts, and choose the required account... |
|
G/L Account Name |
Displays the G/L account name. This field is read-only. |
Related Articles
User-Defined Default Accounts Setup of Intercompany Solution
This window enables you to define your own categories for the Default Accounts by Profit & Loss and Default Accounts by Balance Sheet setups. Note This window is only available to the head office company. This setup is used by the G/L Allocation ...Default Accounts by Balance Sheet Setup of Intercompany Solution
This window enables you to define the default accounts by balance sheet that is used when posting G/L allocation transactions. For the balance sheet account classification, the system matches the account type on the allocation line to the account ...Default Account Setup of Intercompany Solution
The Default Accounts Setup window enables you to define the default accounts that are used when posting interbranch transactions. You must choose accounts that are defined as All Currencies accounts in the chart of accounts. Note This setup must be ...Define Account Classification Setup of Intercompany Solution
When allocating incomes and expenses, the system posts to specific accounts in the receiver companies depending on the account classification and account type setup in the chart of accounts of the sender company. When posting an allocation, the ...Account Classification Setup Tool of Intercompany Solution
Enables you to map a G/L account to the account classifications defined in the system. This tool updates the Intercompany Account Classification by Balance Sheet and Account Classification by Profit & Loss Setup windows. To display the Account ...