1.
1
Intercompany Transactions Payment When
Account Receivable Sub-Ledger is Not
Implemented

2.
If you have not implemented Accounts Receivables, you cannot push the IC Payables
and IC Receivables transactions from the Intercompany module to the AP and AR
modules; since we cannot create an IC AP Invoice, we cannot pay Intercompany
transactions through the Payables module the way we usually pay any AP invoice. The
Intercompany transactions payments are accounted for and directly transferred to the
General Ledger module without transferring the transactions to AP and AR.
2
Introduction

3.
1. Create Intercompany Transactions by entering the Provider Organization, Intercompany
Transaction type Name, Accounting Date, Currency, and Rate type, etc.
2. Enter the IC Revenue account in the Provider Organization distributions and the IC
Expense Account in the Receiver Organization Distribution.
3. The IC Receivable and the IC Payable accounts will be picked automatically from the IC
balancing rules after you submit the transaction or by clicking on the Generate
Distributions button on the Intercompany transaction payments page.
4. Submit the transaction.
5. Transfer the Intercompany Transaction Payment to General Ledger.
3
Intercompany Transaction Flow:

4.
1. From Bank Account (Receiver Organization)
• Intercompany Payables Account will be debited (shown as offset Account on
External Transaction, derived from Intercompany Balancing rules) and Cash Account
(Derived from Bank Account) will be credited.
2. To Bank Account (Provider Organization)
• Cash Account will be debited (derived from Bank Account) and Intercompany
Receivables Account (shown as Offset Account on External Transaction, derived from
Intercompany Balancing rules).
4
Bank Transfer External Transaction

5.
The Bank Account Statement lines will
be reconciled with the external
transaction based on the Bank
Statement Reconciliation Matching rules.
5
Reconciliation:

6.
6
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transactions-payment-setup-oracle

7.
7
Headquarters
1731 Technology Drive, Suite 350
San Jose, CA 95110, USA
Phone
+1-408-899-7200
Email
info@jadeglobal.com
Website
www.jadeglobal.com
USA I CANADA I UK I AUSTRIA I INDIA
www.jadeglobal.com
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