Experts,
I am in the process of moving AP and AR of one Co Cd to another Co Cd, and in the process i have identified the respective accounts from where the amount would be transferred in the sending Co Cd (A) as well the accounts in the receiving Co Cd (B).
The transaction for these would be
A
Cr A/P Account, 3000.00
Dr Intercompany Account 3000.00
B
Cr Intercompany Account 3000.00
Dr A/P Account 3000.00
However, my question is how do i relate the intercompany payable/receivable account of both Co Cds ?? I have to zero the balance of the intercompany account in A to 0 as i upload this data to a consolidation system and for this i have to zero the balance of all accounts including this account.
After the transfer of all balances to the new Co Cd i.e B, the data would flow from Co Cd B to the consolidation system.
All answers/views would be duly appreciated and rewarded with points.
Thanks,
Nandita