Consider a business with two Fincos for their projecting and plant operations.
The following needs to be configured to provide the basis of the intercompany postings.
Inter Company GL Account - the account used to record values relating to other Fincos
Inter-Co Job - the interco AR and AP Invoices use this job
Inter-Co Activity - the interco AP Invoices use this activity
Inter-Co AR Account- the interco AR invoice is on the client with this AR Account
Inter-Co AP Account - the interco AP invoice is on the supplier with this AP Account
Note:
When there is no suffix set up in the Inter Company GL Account on Workbench, the suffix defaults to Subaccount 0 when processed in MYOB Adv.
MYOB Adv expects a valid Subaccount to be manually set up if it does not exist already.
Tests can be done on MYOB Adv as creating a new Invoice entry does not automatically save.
Control Parameter
The new intercompany process is enabled by setting the "Legacy Inter-Company Process" control parameter to No.
