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Are Intercompany Setups Required for Secondary Ledgers? (Doc ID 2666712.1)

Last updated on MAY 07, 2020

Applies to:

Oracle General Ledger - Version 12.0.0 and later
Oracle Payables - Version 12.0.0 and later
Oracle Receivables - Version 12.0.0 and later
Information in this document applies to any platform.

Goal

For some cases, the transfer of Intercompany transactions is performed between Primary/Secondary Ledgers directly, without any requirement for additional Intercompany setups.

For other cases, there are errors in Create Accounting / Posting triggered in absence of this setup.

When is such setup mandatory?

 

 

Sample of potential ERRORS generated in absence of this setup:

Create Accounting process:

No Intercompany Payables account has been selected as the Multiple Legal Entity Balancing Account for the From and To legal entities <name> and <name>. Please select an Intercompany Payables account in the Accounting Configuration as the Multiple Legal Entity Balancing Account for this intercompany relationship.

There are no Intercompany Receivables accounts defined for the From and To legal entities, <name> and <name>. Please define Intercompany Receivables accounts for this intercompany relationship in the Accounting Configuration.

Solution

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In this Document
Goal
Solution
References


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