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Former Member
Feb 19, 2011 at 08:29 PM

Paying company codes

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Hi,

Invoices and pyaments are always out of Company Code A & B only

Company code A

Client would like Payment Currency and Bank used for payment (USD (A100), CAD (A200), Foreign Currency (A500))

Company code B

Client would like Payment Currency and Bank used for payment (USD (A300), CAD (A303), Foreign Currency (A500))

Bank Account (House bank setup)

Comapany Code A - A100 (USD)

Company Code B - A303 (CAD), A303 (USD)

Company Code C - A200 (USD)

Company Code D - A500 (FC)

I know house banks should always be setup under the paying company code. Client wants to setup up the bank account under sepcific Company codes where the account is actually held.. Even though all invoices and payments are made out of Company Code A and Company Code B, they want to use the bank account in other Company Codes for payment.

EX. Company Code A

Sending CC A

Paying CC A

USD payments with House bank A100 would be no problem, but how would we pay invoices where payment needed to be made from Bank A200 that is setup in Company Code C.

Would the only way be to setup house bank A200 under Comany Code A as well? How would the reconciliation of funds work between the Company Code A and Company Code C?

thanks Suhail