Intercompany Deals/Postings

• Explain the purpose of Intercompany Deals/Postings  

• • Gives the ability to sell a vehicle from one company to another. 

• • Removes the vehicle from inventory in the selling company. 

• • Puts the vehicle in inventory in the purchasing company. 

• • Zeros scheduled cost in the selling company. 

• • Adds scheduled cost in the purchasing company. 

• Explain setup  

• • Intercompany Deals require setups in three places.  

• • • Accounting > Maintenance > Vehicle Sales Maintenance  

• This setup is for the posting of the selling company. 

• Accounting > Maintenance > Vehicle Purchase Maintenance  
• • This setup is for the posting of the purchasing company. 
    
    
• Accounting > Maintenance > Journal Maintenance  
  • This setup is for both the selling and the purchasing company. 
    
    • Only the Intercompany Asset and Intercompany Liability accounts need to be set up. 
    • The Journal Accounts are for Manual GL Postings. 
    

How it works 

• Create the deal in the Selling Company 
• • Sales > Vehicles > Vehicle Inventory 

• • Select the vehicle you are selling. 

• • Hover over the More icon and select Intercompany Deal 

• • Select the Purchasing Company 

• • Close Deal 

• • Enter the Stock number for the vehicle for the purchasing company. 

• • Close Deal 

• What happens when an Intercompany Deal is closed. 

• • The vehicle is no longer in stock in the selling company. 

• • The vehicle is added into stock in the purchasing company

• Post the deal in the Selling Company 

• • Accounting > General Ledger > Post Vehicle Sales 

• • Select the deal. 

• • Click the Deal Posting Page. 

• • Check the accounting. 

• • • Selling company should post credit amount for inventory value on the vehicle being sold. 

• • • Selling company should post a credit amount for the difference of the Selling price and the inventory value to an income account.   

• • • Purchasing company should post a debit amount to the inventory account for the selling price of the vehicle. 

• Click the Post Icon. 

• • You will receive a batch number for each company. 

• • • Notice the intercompany account and the journal number which come from the journal maintenance. The offset to balance each company’s batch post to the intercompany account. 

• • • Notice the Inventory account for the purchasing company which comes from the Vehicle Purchase Maintenance. 

• • All of the accounts for the selling company come from the Vehicles Sales Maintenance. 

• What happens when an Intercompany Deal is posted. 

• • Scheduled cost is removed from the vehicle in the selling company 

• • Scheduled cost is added to the vehicle in the purchasing company.