INTERCOMPANY TRANSACTION

Dynamics 365 Business Central/NAV User Forum
#1

I AM USING NAV 2009 SP1 AND I HAVE LOT OF INTERCOMPANY DEALINGS. PLEASE LET ME KNOW HOW TO RECORD THE ACCOUNTING ENTRIES FOR COMPANY INVOICES PAID BY ANOTHER INTERCOMPANY. IS IT THROUGH PAYMENT JOURNAL OR GENERAL JOURNAL.?

THANKS IN ADVANCE

#2

Its Payment Journal.

#3

You mean tht the paying company has to record the payment through payment Journal. I want to know the corresponding Intercompany how they record this invoice in their books. bcose they will not pay directly to vender. They have only a liability to the Intercompany and they need to book the expense or purchase.

Please clarify whether both the companies has to record through Payment Journal. or paying company only???

#4

Both the company.

At the end the balance in both the company has to tally.