Balance Sheet Other Tab of Intercompany Billing Setup

Use this tab to specify how to handle intercompany balance sheet and/or other charge transactions.

Contents

Field Description
Reclass Intercompany Suspense as Receivable/Payable only

Select this option to transfer assets from one company's balance sheet to another through a reclassification of accounts receivable amounts.

This option is disabled when you select the Create Journal Entry option.

Create Journal Entry

Select this option if you want Vision to create a journal entry in the amount of the markup when Intercompany Billing is run. The markup is based on the transfer price defined by the applicable Rate Method and Multiplier fields. Vision posts the journal entry to the following:

  • The credit account specified for the company posting the transaction.

  • The debit account specified for the project's company.

This option is enabled only if Reclass Intercompany Suspense as Receivable/Payable > only is not selected.

Journal Entry Information Grid

Field Description
Journal Entry Information drop-down

Click the drop-down arrow on a grid header to complete any of the following actions:

  • To print grid data, click Print. On the Print Preview form, click File > Print to send the grid data to your default printer.
  • To export grid data to an Excel spreadsheet, click Export to Excel. When Microsoft Excel opens, use its features to modify, print, or email the grid data, or to save the spreadsheet file locally.
  • To turn on grouping for a grid, click Enable Grouping. When a field displays with the instruction: "Drag a column header here to group by that column," drag and drop column headers into the field, in the sequence that you want them to display.

Not all options are available on all grids.

Company This column displays the name of the company for which you are entering journal entry information. The grid contains a row for each company in your enterprise. Vision uses information from different rows to create journal entries between originating and target companies.
Credit Account If you selected Create Journal Entry, click and select the account to receive the credit entry when this company is the originating company.
Debit Account If you selected Create Journal Entry, click and select the account to receive the debit entry when this company is the project's company (target company).
Multiplier

If you selected Create Journal Entry, enter the default global multiplier for the company.

A 0.00 multiplier means that the cost will be multiplied by 0.

If you want to use different global multipliers for transactions between specific companies, you can specify those multipliers in the Journal Entry Override grid. You can also override this global multiplier at the organization level on the Intercompany Billing tab of the Individual Organization Setup form.

Journal Entry Override Grid

Field Description
Journal Entry Override drop-down

Click the drop-down arrow on a grid header to complete any of the following actions:

  • To print grid data, click Print. On the Print Preview form, click File > Print to send the grid data to your default printer.
  • To export grid data to an Excel spreadsheet, click Export to Excel. When Microsoft Excel opens, use its features to modify, print, or email the grid data, or to save the spreadsheet file locally.
  • To turn on grouping for a grid, click Enable Grouping. When a field displays with the instruction: "Drag a column header here to group by that column," drag and drop column headers into the field, in the sequence that you want them to display.

Not all options are available on all grids.

Insert Click this toolbar option to enter a new row of journal entry override information.
Copy To create a new row of journal entry override information by copying an existing row, select the existing row and click this toolbar option.
Delete To delete a row, select the row and click this toolbar option.
Target Company

If you want to enter override rate information for a pair of companies, select the company that will be billed for the charges.

If you also want to enter override information for this company as the originating company and the company in Originating Company as the target company, insert another row in the grid and enter that information.

Originating Company Select the company that will generate the intercompany billing.
Multiplier

Enter the override multiplier for these companies.

A 0.00 multiplier means that the transaction amount will be multiplied by 0.

You can override this global multiplier at the organization level on the Intercompany Billing tab of the Individual Organization Setup form.