Shared Transactions Intercompany Setup
NOTE: Intercompany Shared Transactions are supported across all Shared Transaction Tiers:
Free and Standard Tiers: Intercompany allocations are limited to bills only.
Premium Tier: Intercompany allocations are available for all transaction types.
Overview
Shared Transactions enable intercompany allocations.
The key difference between intracompany and intercompany allocations is the scope of the allocation:
- Intracompany allocations occur within a single subsidiary, distributing amounts across departments, classes, or locations.
- Intercompany allocations involve multiple subsidiaries, allocating amounts outside the original subsidiary.
Step-by-Step Process
- Navigate to Netgain > Setup > System Setup, then open the Shared Transactions License subtab.
- Under Shared Transaction Enabled Modules, check the box labeled Enabled Intercompany:
- Then, navigate to the Shared Transactions Settings subtab.
- Under Default Intercompany Accounts, select the appropriate intercompany account for the Receivables Account and the Payables Account:
Only one Intercompany Payable account and one Intercompany Receivable account need to be set up. These accounts apply to all subsidiary combinations, regardless of the subsidiaries involved in each transaction.