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Author's profile photo Former Member
Former Member
March 28, 2016 Less than a 1 minute read

Intercompany posting in RE-FX

Hi RE Experts,

I need to do intercompany posting via RE-FX, I used internal partner as a solution anyhow no tax calculated and no invoice produced. When checking the RERAIV program it shown that contract category 1 and 2 does not produce any invoice. hence this solution does not meet the requirement.

 

This is what I need to do, there are 2 companies 0298 and 0003. 0003 is 0298’s customer and occupying the building.

 

The posting would be like this;

 

0298:

Dr   Customer 779*                  xxxx

Cr   Rental Revenue              xxxx

 

 

0003:

Dr    Rental Expense                xxxx

Cr    Vendor 772*                    xxxx

 

 

Now am trying to use External Contract to generate the invoice and tax but no to avail due to failed in posting RERAPP. Who knows is it workable via this contract type for intercompany posting????

 

Please help,

Sue

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      Author's profile photo Amar Kumar
      Amar Kumar

      Hi Sue,

      In REFX, we use account determination value to hit a different revenue GL in case of inter company trade. You may use same lease out contract for the purpose. Coming to vendor invoice entry, it will not happen automatically. You have to create lease in contract in the other company code.

      And if possible please convert this thread to question, It is not a document.

      Regards,

      Amar

      Author's profile photo Danny Rodas
      Danny Rodas

      Jorge Buitrago (Colombia -Bogota) Celular  (57) 3153324820

      Para trabajar con intercompañias o multisocieades en REFX son necesarios los siguientes pasos.

      1. Se debe configurar lo de multisociedades en Finanzas
      2. Crear los objetos de alquiler en la compañía que es dueña de estos  (Compañía A)
      3. Se deben crear las compañía A y B en REFX
      4. Cuando se crea el contrato en la pestaña de los objetos se deben colocar en la compañía B los objetos de alquiler de la compañía A
      5. al correr la RERAPP  se debe correr el traspaso y en esta, te genera el documento contable de multicompañía.
        1. Donde crea los asientos contables.