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Former Member
Jan 30, 2015 at 11:17 AM

Clearing Intercompany payable and receivable accounts


Hi All,

We don't have consolidation module. I would like to know how to clear off the inter company payable and receivable GLs at the end of the month.

The intercompany accounts are hit for example when I post entry like below:

Debit Expense Company code 1000

Credit Bank Company code 2000

Auto entries generated:

Credit Intercompany Co Code 1000

Debit Intercompany Co Code 2000

So how do I clear off these transactions please help ? I don't have consolidation modules so I don't use F.2E.

Thanks in advance !