US Exercise: Cross-Company Posting
In this exercise, you will create cross-company postings.
Log in to entity 10USACO
Use the following parameters (if needed):
• Sub-account: use the default or else use Gserv
• Cost center: use the default or else use Adm.
• Daybook: JE
• Intercompany code: 10USACO has cross-company code 10USACO, 11CANCO has cross-company code 11CANCO
• For all other fields: use the lookup and choose from the list.
• Period: current GL period
Important: Ensure that the Cross-Company daemon is running. Check Cross-Company Daemon Monitor; the status should be Running. If not, use Cross-Company Daemon Unconditional Stop, then Cross-Company Daemon Start to stop and restart the daemon.
1 Using Journal Entry Create (25.13.1.1) in entity 10USACO, make a cross-company posting for a fee of 10,000 USD against entity 11CANCO. The posting should be:
In entity 10USACO:
DR GL 1970 (IC Manual JE GL Acct)
CR GL 4800 (Income)
2 Specify the cross-company code for the journal entry and then right-click and select Create Cross-Company posting from the menu.
In Entity 11CANCO
CR GL 1975 (IC Manual JE GL Acct) USD
DR GL 7040 (Fees), cost center Adm, USD
3 Check the postings in both entities using Journal Entry View (25.13.1.3).