Define intercompany rules

The Define IC Rules page is used for defining the reconciliation rules for the intercompany transactions. The reconciliation rules are executed during the automatic elimination step, S083: Intercompany Elimination, when running the consolidation process.

To access the Define IC Rules page, click Configuration > System Structures > Intercompany > Define IC Rules.

Create an intercompany rule

  1. Click .

  2. Enter the information required the following fields:

    • Interco Rule Number

    • Intercompany Name

  3. Link Account Debit/Credit - Enter or search for the account that will be used in the elimination booking of debit/credit type intercompany accounts in their respective fields.

     Note:  You can use the same link account for debit and credit, but remember the use of a link account is essential in order to keep the elimination bookings balance, and the debit and credit balances of each company of the group.

  4. In the Threshold field, if you want to set the materiality level of the intercompany differences, enter an amount as the threshold for this rule.

  5. Click . The new rule is saved and appears on the left-side panel.

  6. To set up intercompany eliminations for differences under the threshold, click . See Link Intercompany eliminations.

  7. Next, you will search for the intercompany accounts to be reconciled on the Debit and Credit sides.

    • Debit table - debit type intercompany accounts for the rule (Assets or Charges).

    • Credit table - credit type intercompany accounts for the rule (Liabilities or Incomes).

  8. To search for an account, click . Depending on the account, Debit or Credit pop-up window appears.

  9. Select the account you want and click , and return to the main page

  10. Click to add the intercompany account to the debit /credit tables.