Simplify recording transactions for multiple companies in Business Central

In today’s world of consolidations and mergers, the need for intercompany processing is clear. Even more complex accounting transactions need to be handled more efficiently with accountants spending too much time reconciling intercompany accounts. The InterCompany add-on for Dynamics 365 Business Central can save you time each month.

Now available on Microsoft AppSource.

 

 

 

Key Product Features

InterCompany Processing allows account transactions to be posted from one company to another company within Dynamics NAV and Dynamics 365 Business Central for the General Ledger (GL), Sales & Receivables (AR), and Purchases & Payables (AP) functional areas. It includes Recurring Journal entries with Allocations and can post taxes to the selected company. It also has full multi-currency intercompany functionality and can account for differences in company exchange rates.

Data Overview

Navigation detail includes target company information

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Save Time

Save time with less clicks and steps to get transactions completed

Flexible rental terms

Process reconciliations at the end of the month in less time

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Copy and Repeat

Repeat past transactions with Copy Document

Posted Transactions

 Use ‘Auto Posting’ flag to automatically post pending offset transactions in the recipient company

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Code and Sort

Code each document line to different companies

Secure Your Data

Control access to companies by individual

More Details

 InterCompany transactions are identified when a participating intercompany name is selected from the active intercompany list. When the intercompany name is selected in the source company‘s transaction, the field lookups for “G/L Account No.” and all related dimension codes reference the target company’s records. These accounts and dimensions are then entered directly into the source company transaction. 

Posting the intercompany transaction creates related intercompany journal entries in the target company and balancing or audit entries in the source company following the rules setup in the Intercompany translation, which is used to validate the transaction.

InterCompany Processing relies on the posting of transactions in both companies. The posting of an intercompany transaction in the source company creates journal entries in the target company for review before posting. This process creates a non-invasive approach to performing intercompany transaction posting in the NAV and Business Central toolkits.

InterCompany Processing has been integrated with the standard Navigate functionality in the source company. Performing a Navigate on a “Document No.” that contains intercompany transactions will display the General Ledger and Tax Ledger Entries created in the target company. The Intercompany functionality will also allow the user to look directly at those transactions in the target company.

AP and AR Documents with intercompany transactions can be copied in the source company through the standard copy document functionality. Full auditing is also available in the source company for the intercompany account and dimensions used on posted documents. InterCompany Processing works across companies in one database.

For more information on the ODT InterCompany app Microsoft Dynamics 365 Business Central, please contact us.

Get in Touch

If you have questions about ODT InterCompany, please give us a call or send us an email.  We look forward to hearing from you.

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