Reference Visual: Inter-Company Maintenance
associated.png ↗
Associated Entities Principles
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1. Inter-Company Loan Account:
Associated Entities provides the inter-company loan account allowing processing transactions from the current entity to other entities within the same system/database. -
2. Opposite-Mode Dual Posting:
Transactions for other entities/companies post to the associated local account and also the target entity loan account in the opposite mode. I.e. A debit in the local account will post as a credit in the associated company loan account. -
3. Dual Field Entry in Control Panel:
The account field in the Control Panel is entered twice. First for the associated company account and then the other leg to the desired account in the target entity. -
4. Process Associated Entities:
The setting up of the inter-company loan account is facilitated by a program that sets up the entity link and also automatically creates the loan account in both entities.
Process Associated Entities - Link Setup