Hello all,
I have a request to review changing from customer/vendor based intercompany posting to using a single GL account for all intercompany clearing. We have been using intercompany customers/vendors for years but the thought to be tested is a single account would be easier to manage and clear.
I have created a new GL account and assigned it as both the debit and credit accounts in OBYA using posting key 40 for debit and 50 for credit. That's the only configuration change I thought I needed to make. I also tried separate GL accounts for debit and credit posting to be more like the customer/vendor model.
When I attempt as simple cross company transaction it appears correct in GL Simulation with profit centers on all lines and trading partners on the new Intercompany clearing lines but the entry won't post. When reviewed in Expert Mode I find the error "Profit Center no assigned" but document display in Expert Mode looks correct.
Are there any other changes that need to be made when setting GL account based intercompany clearing? We are on the New GL if that matters.
Thanks for your ideas,
Jeff