Setting Up GL Intercompany Accounts

GL Intercompany Accounts tells Vista which due-to / due-from accounts to use when one company charges another in the same environment.

Only needed when multiple companies in the same Vista environment will charge each other. Skip this setup for single-company implementations.

Before you start

• Both companies involved in intercompany transactions already exist in Vista.
• The relevant GL accounts (due-to / due-from) have been created for each company.
• You know every receivable and payable company pair and the GL accounts for each direction.

Steps

1. Open GL Intercompany Accounts.
2. Enter the receivable GL company.
3. Enter the payable GL company.
4. Enter the GL account used when the receivable company charges the payable company.
5. Repeat for every receivable/payable combination you will use.
6. Set up all combinations before the first intercompany post — missing pairs cause postings to fail or mispost.
7. After setup is complete, post intercompany activity as usual; Vista creates the balancing intercompany entries from this map.

Notes

• Missing combinations cause intercompany postings to fail or to post incorrectly.
• Review balances on intercompany accounts periodically so they stay in sync across companies.