Intercompany Overview
Track transactions between subsidiaries with automatic balancing and elimination entries.
Sample IC Transaction
From: Parent Corp (US)
To: UK Subsidiary
Type: Management Fee Allocation
Amount: $10,000
Coming Soon
This appendix is under development. Full content will include IC setup and elimination examples.
Intercompany Billing
Create paired transactions: AR in billing subsidiary, AP in receiving subsidiary. Use IC clearing accounts.
Inventory Transfers
Transfer inventory between subsidiaries with or without markup. Handle transfer pricing requirements.
Consolidation Eliminations
Eliminate IC receivables/payables and IC revenue/expense for consolidated reporting.
GL Entry Examples
Complete journal entries for both subsidiaries and elimination entries for consolidation.