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Automatic Interunit accounting?? [message #184566] Thu, 27 July 2006 01:39 Go to next message
pooja82
Messages: 16
Registered: July 2006
Junior Member
Can we do automatic interunit accounting between 2 legal units of a group when they purchase or sell material to each other. No transfer pricing is there. OR do we have to settle the accounts manually?
Re: Automatic Interunit accounting?? [message #184641 is a reply to message #184566] Thu, 27 July 2006 05:14 Go to previous messageGo to next message
David.K.Dickson
Messages: 413
Registered: October 2005
Location: Surrey, England
Senior Member
Unfortunately, this is not part of the standard functionality in Oracle Applications.

If you have a group of companies, each of which is a legal entity, and they trade with each other, then one company's Receivables Invoice is the other company's Payable Invoice. It would be nice if Oracle had a facility to allow you to enter the data for these once, and have it create an Invoice / Credit Memo in both SOB's.

I once did some unit testing of a customisation that did exactly that, though I can't remember the design details. It was for a telecoms group of over 400 companies and they had a big budget for the project.

So in conclusion, it is not part of the standard functionality, but it is possible to do it via customisation, if you have the budget to pay for it.

Cool HTH

David.
Re: Automatic Interunit accounting?? [message #184665 is a reply to message #184566] Thu, 27 July 2006 07:05 Go to previous messageGo to next message
pooja82
Messages: 16
Registered: July 2006
Junior Member
Is it true even when the two companies share the same set of books?
Re: Automatic Interunit accounting?? [message #184715 is a reply to message #184665] Thu, 27 July 2006 09:31 Go to previous messageGo to next message
David.K.Dickson
Messages: 413
Registered: October 2005
Location: Surrey, England
Senior Member
Sorry, I should have said "It would be nice if Oracle had a facility to allow you to enter the data for these once, and have it create an Invoice / Credit Memo in both Legal Entities."

The sad fact is that the functionality is not there, for IO's, OU,s LE's or SOB's. Many organisations would like it. Many organisations could use it. But it is not standard functionality. If you need it, it is a customisation.

Settlement, via intercompany account, should be fairly straightforward, but the big problem is synchronising the intercompany Payables / Receivables Invoices.

Sad Sorry.

David.
Re: Automatic Interunit accounting?? [message #187246 is a reply to message #184715] Fri, 11 August 2006 08:41 Go to previous messageGo to next message
pooja82
Messages: 16
Registered: July 2006
Junior Member
Hey David...

Can you please tell me the procedure for Customization and also provide me with some document to refer to

Regards
Re: Automatic Interunit accounting?? [message #187260 is a reply to message #187246] Fri, 11 August 2006 09:17 Go to previous messageGo to next message
David.K.Dickson
Messages: 413
Registered: October 2005
Location: Surrey, England
Senior Member
Confused The procedure for doing customisations will vary from one organisation to another. If you make use of AIM, for instance, you will probably create an MD050 and and MD070 as the absolute minimum.

Sad Sorry. I no longer have design documents for the customisation that I tested.

David.

Re: Automatic Interunit accounting?? [message #187514 is a reply to message #187260] Mon, 14 August 2006 05:37 Go to previous messageGo to next message
pooja82
Messages: 16
Registered: July 2006
Junior Member
No Problem David

Thanks a lot
Pooja
Re: Automatic Interunit accounting?? [message #282909 is a reply to message #184566] Sat, 24 November 2007 23:19 Go to previous message
dhaimes
Messages: 19
Registered: November 2007
Location: San Francisco
Junior Member
In R12 the creation of invoices for Intercompany transactions is available in the New product Advanced Global Intercompany System.

Follow this link for a list of features in the product and regular updates etc.

http://davidhaimes.wordpress.com/2007/11/22/new-intercompany-features-in-r12/
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