Intercompany billing

Has anyone had experience with doing intercompany billing in Sage?  We would like for one of our divisions to bill work to another division without creating a receivable or a payable.  We will need to show the expense in job cost for the associated job.  Has anyone used the "Refund" adjustment type as a method of moving amounts from A/R to A/P and vice-versa?  Any help would be appreciated.

  • 0

    Thank you for your post !

    In order to help other users compare their set up to yours, it's best to provide the version you are currently use. The version will reference 9.8 or 13.1 in your Help, About in the software. (example 13.1 Rev 7 Acc Update 6).

    You will also want to describe the current workflow your company uses for billings so others have more detail on your inquiry to compare!

    Thanks!

  • 0 in reply to Kaohu Ah Yo

    Depending on how often you will need to do this, the best method typically is to set up an intercompany CM clearing bank account, which would be created in CM, in which AP checks would use as a cash out and then AR cash receipts can use as an intercompany cash in. Refer to ID:22212 in the Sage Knowledgebase Portal for further steps and considerations.