Setting up Default IC Partner G/L Accounts

When you create an intercompany sales or purchase line to send as an outgoing transaction, you will enter an account from the IC chart of accounts as a default for which account in your partner's company the amount should be posted to. In the Chart of Accounts window, for accounts that you often use on outgoing IC journal lines, you can specify a default IC partner G/L account. For example, for your receivables accounts, you can enter the corresponding payables accounts from the IC chart of accounts.

To Set up Default IC Partner G/L Accounts:

  1. Open the Chart of Accounts window. Repeat the following step for each account that you often enter in the Bal. Account No. field on an intercompany journal.

  2. Click the Default IC Partner G/L Acc. No field (the field is not included in the standard layout, but you can insert it with the Show Column function) and then click the AssistButton in the field. Select the IC G/L account that your partner will post to when you post to the G/L account on the line.

Now, when you enter a G/L account in the Bal. Account No. field on an intercompany journal line with IC Partner in the Account Type field, the program will automatically fill in the IC Partner G/L Acc. No. field.