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Need help in Intercompany Transaction betwen 2 SOB
Posted: Thu Nov 15, 2007 4:36 am
by ayamir
Hello Everybody,
I would like to setup 2 SOB's for our two Legal Entities which are residing in two different countries like one is in Philippine and Other one is in UAE, in that case we have to setup inter-company transaction between 2 different currencies. If anyone have any step by step guide or have experience in implementing such scenario.
Please help.
Regards
Ayaz
Posted: Fri Nov 16, 2007 5:58 am
by ayamir
Hello...
Anybody there?????
Waiting ...........
[8)]
Posted: Tue Nov 20, 2007 2:54 am
by anusha_rao
hi
define two subsidiaries one for parent and other for subsidiary,enable parent check box for parent.
define transaction type.
pick intercompany accounts or define
enter a transaction in receiver and sender
approve in each sob
run program intercompany program in both sob
go to journal enter and pick the source as intercompany and post the intercompany journals
rao
oracle apps consultant ,chennai india
Posted: Tue Nov 20, 2007 4:57 am
by ayamir
Dear Rao,
Many thanks for your kind help and guidence. I have some queries related to point 1.
Are 2 SOB's suffecient in our case?
Don't we require third SOB for consolidation?
Do we require to setup GCS for consolidation?
What should be the best architecure to adopt?
If we have two SOB's which are in 2 different countries with different currencies, Do we require MRC?
I'll be grateful for your kind help in this regard.
Ayaz
Posted: Wed Nov 21, 2007 2:48 am
by anusha_rao
hi
you can go for consolidation with any number of set of books,mrc supports only 8 reporting set of books.
for global consolidation you have to take balances method and go for revaluation or translation.
rao
erp consultant
Posted: Fri Nov 23, 2007 1:13 am
by ayamir
Thnaks anusha for your kind help...
If anybody have pictorial step by step help to implement GIS, i'll be highly thankful
Regards
Ayaz