Setup for Multicurrency Intercompany Settlements
You must set up the system for intercompany transactions and settlements, regardless of whether you actually create transactions between companies with different base currencies. If you do create multicurrency intercompany transactions, the post creates the necessary balancing entries.
This table describes the setup tasks for generating intercompany settlements in multiple currencies and the programs used:
Task and Description |
Program |
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Set constants for multicurrency intercompany transactions and settlements:
|
General Accounting Constants (P0000) |
Set Accounts Receivable and Accounts Payable constants to create an offset entry for each detail record. Enter Y (one offset per document) in the Offset Method field. |
Accounts Receivable Constants (P0000) Accounts Payable Constants (P0000) |