{"id":13781,"date":"2016-04-28T05:07:47","date_gmt":"2016-04-28T05:07:47","guid":{"rendered":"http:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/?p=13781"},"modified":"2019-06-03T11:13:31","modified_gmt":"2019-06-03T11:13:31","slug":"intercompany-transaction","status":"publish","type":"post","link":"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2016\/04\/28\/intercompany-transaction\/","title":{"rendered":"Intercompany Transaction"},"content":{"rendered":"

In this blog, we will discuss intercompany transactions. Sage 300<\/a> has a very useful module – \u201cIntercompany Transaction\u201d for organizations, who have multiple entities along with transaction being done.<\/p>\n

When a transaction is done between two companies\/entities, it usually seems that two separate entries will be made. We illustrate in details for better understanding. For example, if a company \u201cA\u201d pays an amount of 100 for an expense on behalf of company \u201cB\u201d, then normally two separate transactions are done. The transactions would be as shown below<\/p>\n

New Stuff: <\/strong><\/em>Migrate PO Invoice from Sage Business Vision to Sage 300 ERP Part -I<\/a><\/p>\n

In Company \u201cA\u201d<\/u><\/strong><\/p>\n

Loan Account Company \u201cB\u201d = 100 Dr.<\/p>\n

Bank Account Company \u201cA\u201d = 100 Cr.<\/p>\n

In Company \u201cB\u201d<\/strong><\/p>\n

Expense Account (Company \u201cB\u201d) = 100 Dr.<\/p>\n

Loan Account Company \u201cA\u201d= 100 Cr.<\/p>\n

In Sage 300<\/a>, the same above scenario can be done in a single entry instead of two separate entry through intercompany transaction and can reduce lots of time. In intercompany the transaction would be done as mentioned\/shown below.<\/p>\n

In Intercompany<\/u><\/strong><\/p>\n

Expense Account (Company \u201cB\u201d) = 100 Dr.<\/p>\n

Bank Account (Company \u201cA\u201d) = 100 Cr.<\/p>\n

When you will post the above transaction in intercompany, then the system will auto-generate GL Batch in Company \u201cA\u201d and Company \u201cB\u201d. Please refer below screenshot for more clarity and understanding.<\/p>\n

The below screen belong to intercompany, where the transaction has been done.<\/p>\n

\"Untitled\"<\/a><\/p>\n

After completion of entry the same GL batch has to post. When you post the GL batch in Intercompany, then two separate GL Batch in two separate company will auto generate by system and will get a message of auto generated GL batch. Please refer below screen shot.<\/p>\n

\"Untitled\"<\/a><\/p>\n

After the above process, you can check the GL batch individually company wise. Just login to Company A and Company B and check the GL batches.<\/p>\n

GL Batch of Company A<\/u><\/strong><\/p>\n

\"Untitled\"<\/a><\/p>\n

GL Batch of Company B<\/u><\/strong><\/p>\n

\"Untitled\"<\/a><\/p>\n

About Us<\/strong><\/span>
\nGreytrix<\/a> a globally recognized Premier Sage Gold Development Partner is a one stop solution provider for Sage ERP and Sage CRM needs. Being recognized and rewarded for multi-man years of experience, we bring complete end-to-end assistance for your technical consultations, product customizations, data migration, system integrations, third party add-on development and implementation expertise.<\/p>\n

Greytrix<\/a> offers unique GUMU™ integrated solutions of Sage 300 with Sage CRM,<\/a> Salesforce.com <\/a>and Magento eCommerce<\/a> along with Sage 300 Migration from Sage 50 US, Sage 50 CA, Sage PRO, QuickBooks, Sage Business Vision and Sage Business Works<\/a>. We also offer best-in-class Sage 300 customization and development services<\/a> and integration service for applications such as POS | WMS | Payroll | Shipping System | Business Intelligence | eCommerce for Sage 300 ERP<\/a> and in Sage 300c development services we offer services such as upgrades of older codes and screens to new web screens, newer integrations using sdata and web services  to Sage business partners, end users and Sage PSG worldwide. Greytrix offers over 20+ Sage 300 productivity enhancing utilities that we can help you with such as GreyMatrix<\/a>, Document Attachment<\/a>, Document Numbering<\/a>, Auto-Bank Reconciliation<\/a>, Purchase Approval System<\/a>, Three way PO matching<\/a>, Bill of Lading<\/a> and VAT for Middle East<\/a>.<\/p>\n

For more details on Sage 300 and 300c Services, please contact us at accpac@greytrix.com<\/a>. We will be glad to assist you.<\/p>\n","protected":false},"excerpt":{"rendered":"

In this blog, we will discuss intercompany transactions. Sage 300 has a very useful module – \u201cIntercompany Transaction\u201d for organizations, who have multiple entities along with transaction being done. When a transaction is done between two companies\/entities, it usually seems that two separate entries will be made. We illustrate in details for better understanding. For\u2026 Read More »<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1330,2311,2486],"class_list":["post-13781","post","type-post","status-publish","format-standard","hentry","category-sage-accpac","tag-intercompany-transaction","tag-sage","tag-sage-erp-300"],"yoast_head":"\nIntercompany Transaction - Sage 300 ERP \u2013 Tips, Tricks and Components<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2016\/04\/28\/intercompany-transaction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Intercompany Transaction - Sage 300 ERP \u2013 Tips, Tricks and Components\" \/>\n<meta property=\"og:description\" content=\"In this blog, we will discuss intercompany transactions. 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