Step three: Assign the intercompany account attribute to schedule lines

Intercompany accounts are required to record intercompany transactions. Intercompany accounts usually work in tandem and are matched or paired with other accounts. The system permits one-to-one, one-to-many, many-to-one and many-to-many matching. For example, Sales and Cost of Sales might be matched one-to-one. Owners Equity and Investment in Subsidiaries can be many-to-many. You can assign the Intercompany Account attribute to a schedule line in the Formula Builder.

You can also change the attribute to Intercompany Account in the Members in Hierarchy page if the Formula Type attribute is D - Data Entry. Any other formula type must be changed in the Formula Builder.

An Intercompany Elimination journal must refer to all unbalanced or all balanced lines. You cannot mix balanced and unbalanced lines in the single Intercompany Eliminations journal. This includes the Match, With, and all four remainder accounts.