Define Account Classification Setup of Intercompany Solution

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 system will use the account classification and account type attached to the allocation account and search for a specific account defined in the receiver company under the Default Accounts by Profit & Loss or Default Accounts by Balance Sheet (depends on the type of account classification) to create a journal voucher for allocation in the receiver company. If no account is defined against the same account classification and account type the system will then fall back to the default accounts setup.

You must attach an account classification for all accounts which will be used for allocation entries.

Note

    1. This setup must be performed in all branch companies.
    2. This setup is used by the G/L Allocation and A/P Service Invoice Allocation features.

Chart of Accounts Window

Field

Description

Account Classification

The value in this field is used for allocation transactions. When an account is selected in the upper table of the Allocation window, the account classification defined for the account is copied to the allocation line. Choose an account classification from the first dropdown menu and an account type from the second dropdown menu.


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