You pay an expense on behalf of another legal entity in your organization.You process tax payments, tax refunds, interest charges, loans, advances, dividend payments, and prepaid royalties or commissions.You pay an invoice on behalf of another legal entity in your organization.Ĭash management and treasury (centralized processing) You record an invoice on behalf of another legal entity in your organization.Īccounts payable centralized payment processing You transfer items between warehouses in the same legal entity, but across different geographical sites.Īccounts payable centralized invoice processing You transfer one legal entity’s inventory to the inventory of another legal entity in your organization.You transfer one legal entity’s inventory to the fixed assets of another legal entity in your organization.Inventory management (intercompany/intracompany) You purchase inventory, supplies, services, fixed assets, and other products from a vendor on behalf of another legal entity in your organization. You sell products between legal entities in your organization. Sales order entry (intercompany/intracompany) and invoicing You sell a product to a customer on behalf of another legal entity in your organization. Sales order entry and invoicing (centralized processing) The following table shows the types of transactions that might have to be eliminated. The financial data from the legal entities is consolidated into this legal entity, and then a financial report is created by using the combined data. Consolidated legal entity – The legal entity that is created to report financial results for a group of legal entities.Elimination legal entity – The legal entity that is specified as the destination legal entity for eliminations.Destination legal entity – The legal entity where elimination rules are posted.
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