Intercompany Clearing Account Setup

[Former Member]

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.

[Former Member · Accepted solution]

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