Overview
This business process describes how to create and set up an intercompany contract. If a contract already exists, you can use this process to edit it.
Maintain intercompany contracts flowchart
Paths
| Path | Profitability & cost → Intercompany → Intercompany contracts |
|---|---|
| In-app link EN code |
e1cib/list/Catalog.IntercompanyContracts
|
| In-app link RU code |
e1cib/list/Справочник.ДоговорыМеждуОрганизациями
|
How to create intercompany contracts
1. Go to Profitability & cost and then click Intercompany contracts under Intercompany.
2. Click Create to create a new contract.
How to fill intercompany contract header
1. Go to the Main tab.
2. Set the Not approved status.
3. In the Description field, enter a name.
4. In the Type field, select Purchase and sale contract.
On the Vendor side, select a Company, the default Company account, and the default Cash flow item.
On the Customer side, select a Company, the default Company account, and the default Cash flow item.
How to set default AR/AP settings for intercompany contracts
1. Go to the AR/AP settings tab.
2. Select an AR/AP item.
Note
You can select from the following options:
- Contract for debt and prepayment.
Under this option, Prepayment (payments without invoices) and Payment by invoice will be assigned and cleared on the Contract level.
- Invoice for debt, Payment for prepayment.
Under this option, Prepayment (payments without invoices) and Payment by invoice will be assigned and cleared on the Invoice level.
3. Select the default Currency for AR/AP transactions under the contract.
4. If the contract currency differs from the functional currency, select the Foreign currency transaction check box.
How to set default accounting settings for intercompany contracts
1. Go to the AR/AP settings tab.
2. Select the Determined by the specified value check box and select a VAT taxation option for all the transactions under the contract.
Or select the Determined in orders and invoices check box to disable auto-filling of the default value.
3. Select a VAT rate for payments.
4. Go to the Accounting information tab.
5. Select an AR/AP accounting group.
6. Select a Cash flow item.
7. Select a Line of business.
8. Select the Separate VAT accounting check box.