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, Deltek 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 |
Deltek 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, Deltek:
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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 on the Posting tab of .
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Clears the suspense account.