Skip to Content
0
Former Member
Feb 27, 2016 at 05:03 AM

Cross company payment

530 Views

Dear Gurus,

I need one clarification regarding inter company payment.

1. My company code(1700) taking all invoices from c.code (1100) behalf of other vendors. It means all vendors they are sending invoices to 1100 c.code

At that time 1100 c.code passing entry.

01 Customer account(1700) dr

31 to Vendor account cr


In 1700 c.code books entry


40 Expenses account dr

31 to Vendor(1100) account cr


Now, my question is Holding company code(1000) is paying to 1100 c.code behalf of 1700.


How we can clear in 1700 company code liability(1100).and what is the entry?

Could you please advise me on this?

Regards,

Viswanadh