An intercompany account is a special account used in intercompany transactions. To create an intercompany account, link to it from the company details of the destination company. When you do this, the account's Intercompany Account checkbox is automatically selected. This read-only checkbox is useful when designing intercompany reports.
The account that you choose to use as an intercompany account must conform to the following criteria:
- It must not have any existing transactions.
- It must not be already linked to a company.
- It must not have any account receivable (AR) control or accounts payable (AP) control general ledger accounts defined. The general ledger accounts for intercompany transactions are derived from the intercompany definitions instead. See What is an Intercompany Definition?.
A company is linked to one intercompany account only.
Once an account is linked to a company, it cannot merged with another account.
The intercompany account that you enter on a document can't be the one that represents the current company
The company in which you are working. This is represented by the company queue to which you, and new instances of objects you create, are assigned..
Relevant account lookups have an indicator to show you which accounts are intercompany accounts.
Once an intercompany account has transactions, the Intercompany Account field on Company is locked.
Intercompany accounts are not retrieved during the following processes:
- Payments
- Collections
- Aged Analysis