on 11-13-2007 9:10 AM
Hi Gurus
I would like to know what shall be the offsetting entry for the intercompany billing, when the invoice is received at the ordering company code
My transaction looks like this
Supplying Plant :
PGI : Dr. Inventory Cr COGS
Intercompany Billing : Dr. Internal Customer Cr. : Revenue
Ordering company Code
Invoice Receipt : Dr ?????, Cr. : ?????
Customer Billing : Dr. Customer, Cr. Revenue
Suitable answer shall be rewarded
Thanks
Best Regards
Sunil
Hi Sunil,
In intercompany scenario when intercompany invoice is received by the ordering company code then , in this company code , the supplying plant is registered as vendor.
so you need to credit this intercompany vendor account and debit intercompany sales.
where as in supplying company code ordering company code is registered as customer, hence this customer shall be debited and intercompany sales shall be credited.
Hope it is clear to you.
Vivek
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