Oracle Fusion Intercompany (IC)

 

Intercompany (I/C)
Definitions
Intercompany Accounting:
1. The Transaction between two companies or balancing segments
2. This can be a transaction between balancing segments within same or different ledger
Intracompany Accounting:
1. Transaction between two different companies or balancing segments within a Legal Entity (LE)
2. Transaction between two different companies or balancing segments assigned to a ledger
Note: Transaction between a company code assigned at ledger level and legal entity level
*When you are providing something we have to receive money
*When you are provider we will create AR Invoice and when you are a receiver we will create payable invoice
Setups
1. Intercompany System Options					Task	Manage Intercompany System Options
2. Intercompany Transaction Types					Task	Manage Intercompany Transaction Types
3. Intercompany Organisations					Task	Manage Intercompany Organisations
4. Access for Users					Task	Manage Intercompany Organisation Data Access for Users
5. Define Approval Rules (Optional)					Task	Manage Approval Groups
6. Intercompany Period Status					Task	Manage Intercompany Period Status
7. Intercompany Customer Supplier Association					Task	Manage Intercompany Customer Supplier Association
8. Intercompany Receivables Assignment (Optional)					Task	Manage Intercompany Receivables Assignment
9. Intercompany Balancing Rules					Task	Manage Intercompany Balancing Rules
Transactions
1. Create Transaction
2. Create Transactions in Spreadsheet
3. Intercompany Outbound Transactions
4. Intercompany Inbound Transactions
5. Transfer to Receivables
6. Transfer to Payables
7. Transfer to General Ledger
8. Transaction between two Balancing Segment Values (BSV)
9. Transaction within Legal Entity (LE)