Skip to Content
author's profile photo Former Member
Former Member

Intercompany Clearing Account Setup

Can anyone explain to me how to properly establish 2 DIFFERENT intercompany clearing accounts between two company codes in configuration (t-code: OBYA)? I see on the config screen a 2x2 matrix of receivable / payable, account number, and posting keys depending on which company code is being debited / credited and I want to understand the implications of how this is configured. Please let me know if there are any questions.

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

1 Answer

  • Best Answer
    author's profile photo Former Member
    Former Member
    Posted on Jan 19, 2009 at 02:37 AM

    Hi there,

    OBYA allows you to set up different GL, vendor or customer accounts for each of the two company codes.

    The top half sets up the posting in the first of the two company codes between which there will be a cross-company posting. The account under receivable will be posted to if the overall balance on the side of the first company code is credit. If the overall balance on the side of the first company code is debit, the payable account will be used to offset this balance. Entering the same account in both cases means that there is only one cross-company account in that company code, regardless of whether there is a debit or credit balance to offset. If, for example, a cross-company posting is USD 100 debit in the first company and USD 100 credit in the second, the payable account in the first company code, and the receivable accountin the second company will be used.

    The system works the same way for the second company code. Whichever account is specified first will be used to offset a credit balance in the second company code, and the second account to offset a debit balance in the second company code.

    Through the posting key, it is possible to specify whether the clearing account is a GL account (for example, by using keys 40 and 50), or a customer or vendor account (by using posting keys specific to customers or vendors).

    Hope this helps,

    JK

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.