October 2022

• Release: 763 Check my version

• Get in touch to find out more about the features in this release or how to get even more out of the system.

Interco Bulk payments

• It will be possible to process one bulk payment on behalf of multiple Legal Entities and Interco journals will automatically created to reflect this.

  

Automation: Interco postings for Multi-Company Purchases (MCP)

• This allows the entry of Purchase Invoices, Expenses and Cash Purchases to be split across multiple Legal Entities at the point of entry and automated Interco movement documents are created to reflect the Interco postings.

  • Using the example of an organisation with multiple Legal Entities, this would be used is when a Supplier performs e.g. lift maintenance for more than one of the Legal Entities yet only provides one invoice which covers the work for all of them. The Purchase invoice identifies the work at all of the Legal Entities and upon posting, Interco journals are automatically created to reflect the Interco balances.

• The screenshot below shows a Purchase invoice split across two Legal Entities (via Interco).

  

Interco Eliminations

• This feature allows for the optional exclusion of Eliminations on Financial statements and related enquiries. It is also possible to only see eliminations.

  

  Tip

  • The treatment of documents and/ or document lines as an elimination is determined by the Document Type and/ or Account code setup.
  • Upon setup of eliminations, an "Elimination" Automation is available to update historical GL posting lines as elimination or not.

Automation: Interco Manual Journals

• This feature allows for the direct entry of an Interco Manual Journal which can automatically create a linked Interco Manual Journal in the other Legal Entity.