Shared Transactions Intercompany Setup
NOTE: Intercompany Shared Transactions are available for all Shared Transaction Tiers. If you have the Free or the Standard Tier, you can use intercompany allocations for bills only. If you have the Premium Tier, you can use intercompany allocations for all transaction types. |
Overview
Shared Transactions gives you the ability to have intercompany allocations. The difference between intercompany and intracompany allocations is that intracompany allocations remain in one subsidiary. Here the allocation is made to different locations or departments within the original subsidiary. On the other hand, intercompany allocations are transaction allocated outside of the original subsidiary.
STEP BY STEP PROCESS:
At the top of the page go to Netgain > Setup > System Setup. Then go to the License/Usage subtab to the right.
Under Enabled Modules, select the box titled IS ENABLED INTERCOMPANY.
Then go to the General subtab.
Next select an Intercompany Receivables account and an Intercompany Payables account.
Keep in mind that you only need to setup one intercompany payable and one intercompany receivable account, regardless of the specific subsidiaries in each transaction. These accounts will be used for all subsidiary combinations. |