AGIS: Switching of Intercompany and Balancing Segment Value for Intercompany Balancing (Doc ID 832535.1)

Last updated on OCTOBER 08, 2014

Applies to:

Oracle General Ledger - Version 12.0 and later
Information in this document applies to any platform.
AGIS


Goal

 

Presently, the intercompany and balancing segment values are not switched and hence users cannot identify the participating transacting/trading partner. Need the functionality to identify the participating/trading partners.

This is the scenario:

There are two legal entities which share the same ledger, chart of account or the same valueset for intercompany segment/BSV.
For the Intercompany Payable and Receivables account for an intercompany transaction between these LEs, the intercompany and balancing segment value should be switched with the appropriate transacting/trading partner BSV.

Following is the set up:

BSV 001, 002 attached to LE1
BSV 003, 004 attached to LE2

Accounting flexfield has the Intercompany segment, Natural Account and Balancing Segment Value.

Intercompany Setup:

LE1, All Other BSV --> LE2, All Other BSV
------------------------------------------
Payable account: 001.100.000
Receivable account: 001.200.000

LE2, All Other BSV --> LE1, All Other BSV
------------------------------------------
Payable account: 003.300.000
Receivable account: 003.400.000

Journal:
--------

Line. Account Dr Cr
1 002.XXX.000 1000
2 004.XXX.000 1000

Currently the balancing lines created will be as below:
Line Account Dr Cr
3 001.200.000 1000
4 003.300.000 1000

 

Solution

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