General Ledger & Intercompany

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    Canceling Intercompany related transactions
    Topic posted October 21, 2019 by ERPNewbieRed Ribbon: 250+ Points, tagged Accounting Hub Cloud Service, Cash Management, Financials, Help Center, Intercompany, Payables, Period Close / Reconciliation, Receivables, Subledger Accounting 
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    Canceling Intercompany related transactions
    is it possible to cancel Intercompany invoices/payment without reversing them via intercompany processes?

    There's an incorrect intercompany transaction that was wrongly entered into the system. 

    Would it be possible to just cancel the related transactions (AP invoice and payment, AR invoice and payment) and not reverse the intercompany transactions?

    If yes will it have any negative impact on the ledger/reconciliation? Thanks so much



    • Ravi Kanth Vuddagiri

      Try this in lower instance. Cancelling both AP and AR Invoice should be good for your case. After u do this run Intercompany reconciliation and see for any difference.