Skip to Content

Intercompany G/L Allocation - Jornal Voucher by Branch

Hi,

In the intercompany add-on, G/L Branch Allocation, is it possible to create, in the Receiving Company, a journal voucher/entry by Branch Code?

Instead of journal voucher/entry by line in the top matrix of the Sending Company?

Thanks in advance.

Best regards,

Pedro Mariano

Add comment
10|10000 characters needed characters exceeded

  • Follow
  • Get RSS Feed

1 Answer

  • Best Answer
    Apr 21, 2016 at 12:30 PM

    Hi Pedro,

    In G/L Branch allocation, in the receiving company, the journal voucher created by system uses the G/L accounts defined in the branch accounts Setup and default accounts setup of the receiver company depending on G/L allocation entry in the sender system is Debit or Credit.

    The Journal Voucher is not created using Branch Code.Instead of system uses the G/L account defined against the branch company.

    See Example Below:

    Sender Company - Company A

    Cr- Management Fee

    Dr- Due from Company B

    Receiver Company - Company B

    Dr - Intercompany Expense

    Cr - Due to Company A

    Thanks,

    Pankaj Sharma

    Add comment
    10|10000 characters needed characters exceeded

    • Hi Pedro,

      No, this is not possible.

      As in the sender company,system creates a separate journal entry corresponding to each row in the top matrix because for some rows,you may have values in the debit side and some in credit side.

      Also in the Bottom matrix, you may allocate the amount to different branches.


      Thanks,

      Pankaj Sharma