# INTERCOMPANY TRANSACTION

**URL:** <https://www.dynamicsuser.net/t/intercompany-transaction/27879>\
**Category:** User Forum\
**Created:** [November 21, 2010, 7:15am UTC](https://www.dynamicsuser.net/t/intercompany-transaction/27879 "2010-11-21T07:15:11Z")\
**Posts on this page:** 4\
**Page:** 1

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**Author:** ![merita](https://avatars.discourse-cdn.com/v4/letter/m/d26b3c/32.png) [@merita](https://www.dynamicsuser.net/u/merita)\
**Post date:** [November 21, 2010, 7:15am UTC](https://www.dynamicsuser.net/t/intercompany-transaction/27879/1 "2010-11-21T07:15:11Z")

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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

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**Author:** ![manisharma31](https://avatars.discourse-cdn.com/v4/letter/m/ed655f/32.png) [@manisharma31](https://www.dynamicsuser.net/u/manisharma31)\
**Post date:** [November 21, 2010, 7:47am UTC](https://www.dynamicsuser.net/t/intercompany-transaction/27879/2 "2010-11-21T07:47:02Z")

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Its Payment Journal.

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**Author:** ![merita](https://avatars.discourse-cdn.com/v4/letter/m/d26b3c/32.png) [@merita](https://www.dynamicsuser.net/u/merita)\
**Post date:** [November 21, 2010, 8:57am UTC](https://www.dynamicsuser.net/t/intercompany-transaction/27879/3 "2010-11-21T08:57:58Z")

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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???

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**Author:** ![manisharma31](https://avatars.discourse-cdn.com/v4/letter/m/ed655f/32.png) [@manisharma31](https://www.dynamicsuser.net/u/manisharma31)\
**Post date:** [June 7, 2011, 11:05am UTC](https://www.dynamicsuser.net/t/intercompany-transaction/27879/4 "2011-06-07T11:05:11Z")

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Both the company.

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