![]() ![]() ![]() ![]() The two companies do not need to use the same chart of accounts. Please note that the Destination Company Journal has to be created in the destination company before this setup can be completed. To set up intercompany functionality, go to General Ledger > Posting Setup > Intercompany Accountingįor each intercompany combination, create an intercompany relationship. Setting up seamless intercompany transactionsĬlick here to view the video demonstration. Once Dynamics 365 has been configured, the user does not have to be a senior accountant to post transactions that might trigger the need for intercompany accounting in order to balance. Setting up intercompany transactions will simplify transactions and save time, minimize errors with single-entry of information and system-wide synchronization, and create a complete audit trail with full visibility into business activities and transaction histories. With Dynamics 365 Finance and Operations, you can configure intercompany transactions to automatically send and receive between companies. Simply enter intercompany transaction information once in the appropriate documents, and then enjoy automated intercompany transactions between multiple companies, regardless of location and currency. Dynamics 365 lets you do business with your subsidiary and internal partner organizations in the same way you engage with external vendors and customers. Perhaps your organization consists of several companies, but with only one accounting and administrative team. You can streamline intercompany operations, whether you have multiple companies, multiple regions, or more than one currency. Microsoft Dynamics 365 does! Our fifth time-savings tips article will show you how to how to set up intercompany transactions in Dynamics 365 Finance and Operations. Intercompany transactions are common for many businesses, yet ERP systems don’t always make them easy. ![]()
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