Cross compant code transaction

Question

dear sapient
please tell me the customization of cross company code transaction.

Answer 1

Hi,
IMG > Financial Accounting > General Ledger Accounting > Business Transactions > Prepare cross-co codes
transactions
One can define the accounts for the clearing entries the system makes when posting cross-company code
transactions. These clearing entries represent the receivables and payables between company codes which result
from central purchasing or payment.
You can specify G/L accounts as well as customer and vendor accounts for clearing between company codes.
However, if the company code for which you are posting these items is an external one, then you can specify only
G/L accounts as the clearing accounts.
Customers sometimes make payment to the wrong company in a group of affiliated companies. You can use crosscompany
code entry to minimize the number of entries for posting this payment. In doing so, you debit your bank
account (company code 1) and credit the customer account (company code 2), and the system automatically
generates clearing entries between both company codes.
Activity :
Create one pool account (G/L a/c), say 149999 for inter-company transactions in both the companies that will be
debited & credited depending upon the nature of transactions i.e. it is like inter-company a/c.
Then while in data entry F-02 , note the following :
Situation : Co MRCM receiving payments on behalf of MRCD from the customer (say 2935) of MRCD
1st line item entry 40 (dr for SA doc) 113100 (Bank a/c in MRCM)
2nd line item entry 15 (cr for incoming pymts) 2935 (customer acct no in MRCD)
(also put MRCD in u2018other co codeu2019 field in case of second line item)
now this will suitably be reflected in both the companies as follows :
MRCM
40 dr 113100 amount
50 cr 149999 amount (payable)
MRCD
cr 2935 amount
dr 149999 amount (recvable)
Regards,
Sanju M S