Shared Transactions - Automatically Creating Customer Payments - Intercompany Vendor Bill Automation

Overview

Intercompany Vendor Bill Automation streamlines the reconciliation process by automatically creating and applying a customer payment to the related intercompany invoice when a vendor payment is applied to an intercompany vendor bill. The following walkthrough outlines how this process works. 

 

Click here to view this walkthrough in full screen.

Prerequisites

Step-by-Step Process

  • Navigate to Transactions > Payables > Pay Single Vendor
  • Select the appropriate Payee, then locate and select the corresponding intercompany bill for payment application. 
  • Enter the Payment amount, then Save the Bill Payment record:

  • Once the Bill Payment is created, navigate to the intercompany bill. The applied payment will be visible under the History subtab within the Payments sublist:

  • Next, navigate back to the intercompany invoice. Under the History subtab in the Payments sublist, the Intercompany Vendor Bill Automation feature will have automatically created and applied a corresponding Customer Payment between the related entities:


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