Create Intercompany Accounts

You create intercompany accounts to make it possible for Deltek to process and track transactions that involve more than one company.

Prerequisite: To use intercompany accounts, you must belong to a security role that has access to all companies set up in Deltek.

To create intercompany accounts:

1. On the Navigation menu in the desktop application, click Settings > Accounting > Chart of Accounts.
2. On the toolbar of the Accounts form, click New > New Account.
3. Create an intercompany accounts receivable account by completing the fields on the General tab of the Accounts form. Each account number must be unique across your enterprise. The account must be an asset account.
4. Click Save to save the account record.
5. Repeat steps 2 through 4 to create and save the following accounts:
   • Intercompany accounts payable: Liability account.
   • Suspense: Balance Sheet account. Deltek uses this account to record intercompany General Ledger entries at the time of transaction posting, but prior to running intercompany billing and charges.
   • Direct expense account for foreign employee type labor posting: Direct expense account.
   • Indirect expense account for foreign employee type labor posting: Indirect expense account.
6. If you are using detailed subledgers for intercompany billing, set up intercompany revenue accounts for labor revenue and expense revenue.
7. If you are using cash-basis reporting and detailed subledgers for intercompany billing, set up an intercompany cash-basis suspense account. This account should be a revenue or expense account.
8. Specify which companies can access each of the intercompany accounts that you created. By default, each account that you create is specific to the active company and is not available for use by any other companies. You must explicitly grant access to any additional companies.