Re:Inter-company- and Intra-company Accounting - HandsonERP

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Re:Inter-company- and Intra-company Accounting (1 viewing) (1) Guest

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TOPIC: Re:Inter-company- and Intra-company Accounting

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handsonerp (Admin)

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Posts: 1989

Re:Inter-company- and Intra-company Accounting 13 Years, 8 Months ago

In a nut shell:

When two legal entities do business then that is referred to as intercompany. When two entities with a legal entity do business between themselves then that is referred to as intracompany.

Example:

BSVs 10,20, and 30 belong to Legal Entity 1 (LE1).
BSVs 40,50, and 60 belong to Legal Entity 2 (LE2).

When 10 and 30 do business, that is referred to as intracompany.

When 10 and 50 do business, that is referred to as intercompany.

The two legal entities could also reside in different ledgers.

There are different setups for intracompany and intercompany in R12.

11i's intercompany is now intracompany in R12.

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