Intercompany transactions

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I am a Sage 300 ERP user.  We have not yet activated intercompany transactions, but would like to.  Does this functionality allow for I/C transactions between segments, within the same database?  Our account structure is xxxx-01-xxxx and xxxx-03-xxxx.  Currently we are unable to, for example, split an AP invoice between the two company's.  Will ICT allow us to do this?

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  • 0

    ICT is designed to only allow AP and GL transactions to flow between databases.

  • 0 in reply to VicenteG

    Is this a different product?

    Developed by Orchid Systems, Inter Entity Transactions facilitates doing business and transferring funds between entities. Entities can include branches, divisions, departments, funds, projects, trusts or multiple companies held within one or across Sage 300 ERP (Accpac) databases. Inter Entity Transactions increases the accuracy of your financial data, streamlines business processes and provides tight control over transactions spanning multiple entities.

    The due to and due from transactions are automatically generated and complex routes can be followed when there are no direct inter entity account relationships between the transacting entities. Detailed reports and processes ensure entities balance at all times, increasing the timeliness and accuracy of information whilst saving keystrokes! The Inter Entity Transactions module will ensure that each entity stays in balance and will work on all General Ledger transactions regardless of whether they originated from any subsidiary ledger, the General Ledger, a third party module or an external system which has created General Ledger batches.

  • 0 in reply to jwall
    verified answer

    yes, this is not the Sage ICT product.

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