Intercompany Accounting (Oracle Projects Help)


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Intercompany Accounting

Journal Import automatically creates intercompany accounting transactions based on the intercompany accounts you define in Oracle General Ledger. You can specify the intercompany balancing account you want Oracle General Ledger to use. You can also define intercompany accounts for Oracle General Ledger to use for balancing different types of journal entries.

When you load a journal entry that requires intercompany balancing, Journal Import looks first for an intercompany account for the same source and category as the journal entry. If there is none, Oracle General Ledger balances your journal entry to the standard intercompany account you defined for your set of books.

Intercompany Accounting

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