Intercompany flow data entry

The Interco Flows page serves the purpose of entering intercompany flows, which refer to the business transactions occurring between two companies (company codes) that are part of the same parent company.

To access the Interco Flow page, click Data Entry > Manual Data Entry > Interco Flows.

The left-side panel displays all the accounts that are used for reporting intercompany data. It contains the intercompany accounts from which you can select, and enter or verify flow data.

  • Above this list, you can select the company as well as the intercompany partner on which you want to work.

  • Below the list of accounts, you click:

    • - to view all the intercompany accounts. This is the default.

    • - to display only the intercompany accounts that have data populated for the selected company.

       Note:  You can also use and buttons to refine the list of intercompany accounts.

The right-side panel is for entering data for flows. Details of the company you select from the left-side panel are displayed on this side of the page.

  • Company - name and code of the selected company, and its local currency.

  • Partner Company - code and name of the Intercompany Partner.

  • Account - selected intercompany account code and name.

  • Reference Opening Amount:- amount related to the selected reference period.

The table or data area includes the following:

  • Code - code identifying the flows.

  • Name - name of the flows.

  • Local Amount - amount of the flows.

  • Trans.Rate - the transaction rate for historical rates. Used only when the local currency of the company is different from the group currency.

  • Curr - currency for the intercompany transactions.

  • Trans. Amount - amount of the intercompany transactions.

     Note:  Both the Currency and Transaction Amounts determine whether an intercompany difference is due to currency conversion or is a real intercompany difference.

Below the table are the following:

  • Current Closing Amount - displays the current closing amount.

  • Difference to justify - the amount displayed here, if any, is the difference that is yet to be justified between the opening amount from the Reference Period and the closing amount from the Current Period.

  • - opens the Flows Management page for this company for you to enter flow data.

  • - generates an Excel report showing the information of the data area.

Add intercompany flows

  1. On the left-side panel, from the Company list, select a company. Details of the company selected are displayed in Company field on the right-side panel.

  2. On the left-side panel, from the Partner Company list, select a partner company. Details of the company selected are displayed in the Partner Company field on the right-side panel.

  3. From the list of accounts below the Partner Company list, select the applicable account. The selected account information is displayed in the Account field, and its associated flows are displayed in the data area below.

  4. For the applicable flows, enter the Local Amount, Transaction Rate, Currency, and Transaction amount.

  5. Click .

  6. Optionally, click to go to the Flow Management page and process the flows.