I am confused about inter company journal balancing.
As far as I can tell, it does one or both of:
1) If you enable it you can post incorrect (i.e. imbalanced) journals. And if you disable it you ca not (i.e. all journals must balance - A GOOD THING, RIGHT)?
Submitted by: AdministratorOption 1 is the correct one.If we enable it then we can post unbalanced intercompany journals i.e debit <> credit for a balancing entity. For this we have to define intercompany accounts in setup-->Accounts-->Intercompany accounts, which will post the unbalance part to this intercompany account.
And if you disable it you cannot post the journals which are out of balance.
Submitted by: Administrator
And if you disable it you cannot post the journals which are out of balance.
Submitted by: Administrator
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