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Interco Bank to Bank Transfer SAP Business ByDesign

ed_mee
Explorer
0 Kudos

Hi there,
I could do with a bit of assistance on an interco transaction if possible:

Company A raises an invoice on customer X for £100
Customer X pays Company B £100
An interco bank to bank transfer is created (direct posting to partner companies)
Bank statement on company B is matched with the £100 incoming receipt and the outgoing AP to company so that's fine
However, the questions are 1) is there any easy way to match the customer invoice on company A with the incoming receipt from company B without using a dummy bank statement and 2) how are the incoming receipt and outgoing transfer netted off in payment monitor?

Thanks!

Ed

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Answers (2)

Answers (2)

ed_mee
Explorer
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Thanks, Rami, appreciate your answer.

Having done some more testing on this the cleanest way seems to book the incoming cash to company B to on account for company A receivables,

then make a manual payment of this amount from receivables. This then clears the initial bank statement/allocation down and

then a payment will be made from company B to company A

and then that incoming cash can be cleared against the open item on company A on the next statement and also on outgoing payments on company B.

For me the bank to bank transfer in this situation is only really of any value within the same company as opposed to intercompany given the additional steps.

Regards,

Ed

rami_luchmun
Explorer
0 Kudos

Hello Ed,

I would do the following:

- Company B: Post the incoming payment (1) in Customer Account Company A (credit transaction in inter-company receivables) on account

- Company A: Post a customer credit (4) Customer Account X for same amount as the payment and post to a G/L clearing account (4) with no automatic postings

- Company A: Clear the customer credit (4) against the invoice being paid

- Company A: Post a supplier charge in Supplier Account B (debit transaction in inter-company payables) for same amount as the payment and post to same G/L clearing account (5)

The incoming payment (1) will be cleared in a bank statement in Company B.

Company A will have an inter-company payable to Company B (credit balance in customer account) that will be picked up in the next payment run

Company B will have an inter-company receivable to Company A (debit balance in supplier account)

G/L Clearing Account is $0.00 in Company A

Hope this helps!

Best regards,

Rami