Inter-company
Record a transaction between two of your companies.
Overview
An inter-company transaction books both companies at once, in one step. In the sending company it debits an inter-company receivable and credits the account you choose; in the receiving company it debits the account you choose and credits an inter-company payable. You must belong to both companies, both must be active and have inter-company switched on, and each company’s period lock and posting rules are checked. Cancelling a posted one reverses both sides and keeps the originals. The control accounts are created on first use.
When to use inter-company
- One company pays an expense for another, or lends it money.
Prerequisites
Step by step
In the Accounting module open Accounting in the green navigation bar, then choose Inter-company under Management.
Screenshot for this step has not been captured yet — run npm run docs:flow.
Screenshot for this step has not been captured yet — run npm run docs:flow.
Accounting impact
- Posting creates a journal entry in each company.
What you see on the screen
- The screen says: “Charges between the companies of your group, booked in both companies' ledgers at once”
- The screen says: “No inter-company transactions yet”
- Columns: DATE, COMPANIES, DESCRIPTION, AMOUNT, STATUS.
- Actions on the screen: Cancelled, New transaction.
Permissions
These permission keys control access (granted to roles in Administration → Roles & Permissions):
- accounting.group.read
- accounting.group.update