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How do I keep several branches or sites balanced inside one company?

Set the Balancing Financial Dimension on Ledger Setup (for example business area) and the inter-unit accounts against post keys G70 and G71 on Automatic Transaction. Every voucher whose lines leave one unit in debit and another in credit then gets inter-unit lines on Save, so each unit balances by itself.

Screen
General Ledger › Controlling › Ledger Setup, Automatic Transaction
Who
The implementation consultant
Takes effect
For vouchers saved after the change
Needs first
The dimension switched on in Account Dimension; two inter-unit accounts released

Steps​

  1. On Automatic Transaction, add G70 with the inter-unit debit account and G71 with the inter-unit credit account. Save.
  2. On Ledger Setup, Edit, set Balancing Financial Dimension. Save: the system adds the balancing and inter-unit lines to the Account Structure tab, and the affiliate dimension if missing.
  3. Make sure every voucher line carries the balancing dimension.

Check it worked​

  • A voucher with expense in branch A paid from the bank of branch B shows two extra lines on the inter-unit accounts, one per branch.

If something looks wrong​

  • "Inter Unit Accounting is not configured Postkey: G70 - Interunit - Debit" Step 1.
  • "Inter Unit Accounting is configured, Cannot use this account" Do not type the inter-unit accounts on vouchers.