About the Inter-Company GL Accounts Form

Inter-company Generic Ledger (GL) accounts are only necessary when an organization is set up with more than one level. If only one Organizations record is created and used in the system, these are not necessary. However, when an organizational hierarchy is used, GL accounts must be linked to the correct organization so each organization may maintain separate general ledgers, and cash taken in flows to the correct organization ledger.

Inter-Company GL Accounts records may only be created from the Inter-Company GL Accounts tab on the Organizations record. For more information on how to set up and use Inter-Company GL accounts, see Setting Up Multi-Entity Accounts.

Related Organization

The associated organization for which balances are recognized. This field is linked to the Organizations service.

Due To GL Account

The liability account used to recognize balances to the organization noted in the Related Organization field. The value is chosen from a list of all GL accounts set up in the system.

Due From GL Account

The asset account used to receive balances from the organization noted in the Related Organization field. The value is chosen from a list of all GL accounts set up in the system.

Comments

The Comments field contains any additional details relevant to the Inter-Company GL Accounts record.