Intercompany Transactions

You can enter a single transaction that charges labor and/or expenses to multiple projects, phases, and/or tasks. These projects, phases, and tasks may belong to different companies, based on your organization structure. If so, DPS splits the total transaction amount and debits accounts belonging to multiple companies.

To support splitting transactions in this way, you must set up an intercompany suspense account.

Example

Assume that Company A is the active company when you enter the following miscellaneous expense transaction:

Project Phase Company Expense Account Amount
20010 199 Company A 511.00 10.00
20010 198 Company B 512.01 10.00

DPS debits the expense accounts listed. The 10.00 to be charged to Company B is held in a suspense account until you process intercompany billing for the transaction.

When you process intercompany billing, DPS:

  • Balances the two debits with a single credit of 20.00 to Company A. The credit is applied to the account specified in the Miscellaneous Expense field in Settings > Accounting > Posting Accounts.
  • Clears the suspense account.