intercompany billings

Does anyone have an automated process in EOne for billing sister companies? In other words, billings another branch. Cash is not involved, but the branch providing the service should recognize revenue and the branch where the work was performed should recognize an expense.

@Michelle Wickham said in intercompany billings:

My AP staff review the vouchers to ensure that the amount matches the invoice. If it does not match, they fix it themselves and notify the department that entered the voucher that they changed the amount. Then at the end of the fiscal year, as part of our year-end close process my AP staff will run an Open Invoice Report for the AR/AP Netting invoices, and enter the voucher for any open invoices, charging it wherever we want to. Then we notify the billed department of where we've posted it and they have 5 days to do a journal entry to move it if they don't like where we've posted it :)

That is very helpful. Thank you, Michelle.

@Gayle Larson My AP staff review the vouchers to ensure that the amount matches the invoice. If it does not match, they fix it themselves and notify the department that entered the voucher that they changed the amount. Then at the end of the fiscal year, as part of our year-end close process my AP staff will run an Open Invoice Report for the AR/AP Netting invoices, and enter the voucher for any open invoices, charging it wherever we want to. Then we notify the billed department of where we've posted it and they have 5 days to do a journal entry to move it if they don't like where we've posted it :)

@Michelle Wickham Thanks for your reply. That is somewhat similar to our process. The issue we have is that the branches may submit different amounts, or one branch doesn't submit their side at all. How do you get around that?

@Michelle Wickham Hi Michelle, I would be interested in the documentation you have on this process. We are looking at simplifying these types of entries in my organization.

@Gayle Larson My organization uses the AR/AP Netting functionality to do this between departments. One department will create an invoice using the AR module and send it to the other department. The other department will create a voucher in the AP module. The voucher is sent to the AP department, with a special coversheet, who then processes the payment as a special check run. I'm happy to share my documentation with you if you're interested.