EMEA Exercise: Cross-Company Posting
In this exercise, you will create a cross-company posting.
Use the following parameters (if needed):
• Log in to entity 22UKCO
• Sub-account: use the default or else use Gserv
• Cost center: use the default or else use Adm
• Daybook: JE
• Intercompany code: 22UKCO has cross-company code 22UKCO, 11CANCO has cross-company code 11CANCO
• For all other fields: use the lookup and choose from the list.
Important: Ensure 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 start the daemon.
1 Using Journal Entry Create (25.13.1.1) in entity 22UKCO, make a cross-company posting for a fee of 10,000 GBP against entity 11CANCO. The posting should be:
In entity 22UKCO:
DR GL 1970 (IC Manual JE GL Acct) GBP
CR GL 4800 (Income) GBP
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) GBP
DR GL 7040 (Fees), cost center Adm, GBP
3 Check the posting in both entities with Journal Entry View (25.13.1.3).
Posting in 22UKCO
Posting in 11CANCO
4 Run GL Transaction by Intercompany Code (25.15.1.5) for both the entities 22UKCO and 11CANCO.