Overview:

When an intercompany transaction is processed, Penta recognizes a 'Lending' Organizational Unit, and a 'Borrowing' Organizational Unit. The Lending OU is the company that ultimately is recording the intercompany AR, the borrowing OU will have the intercompany AP indicating that they owe money to the lending OU. This window allows you to override which currency is to be used for Intercompany AP and AR transactions, for specific Lending and Borrowing OU combinations.

Benefits:

Ability to override which currency PENTA uses to record intercompany AP and AR for specific Lending/Borrowing OU Combinations

Roles:

Accounting Manager
CFO

Additional Content

N/A

Location:

Financial & Accounting > Setup > Organization Units > Intercompany Transactions - Currency Denomination Rules

Video:

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