Say we have 2 Fincos (with GL accounts):
01 Projecting
- 450 - Plant Costs
- 902 - InterCo Suspense 02
02 Plant
- 210 - Plant Recovery
- 901 - InterCo Suspense 01
...
These can then be exported to the financials:
The GL Effect in Financials
| FinCo | Account | Dr | Cr |
|---|---|---|---|
| 02 Plant | |||
| Plant Issue | 901 InterCo 01 | 550* | |
| 210 Plant Recovery | 550 | ||
| InterCo AR Invoice | 901 InterCo 01 | 550* | |
| Output GST | 55 | ||
| Debtors (01 Client) | 605 | ||
| 01 Projecting | |||
| AP Invoice | 450 Plant Costs | 550 | |
| Input GST | 55 | ||
| Creditors (02 Supplier) | |||
...