Entity Setup

For purposes of intercompany accounting, entities are properties. You add entities by adding property records. Some entities may not actually be properties, but they still require a property record. This section describes how to set up an existing property record for use as an intercompany-accounting entity. For information about adding a property record, see the Voyager Core Setup Guide.

The Property Control screen for a property record indicates whether an entity is a funding or funded property. A funding entity uses the default cash account for payables and receipts, while a funded entity uses the account specified in the intercompany table. For more information about the intercompany table, see “Defining Intercompany Relationships”.

To set up a property for intercompany accounting

1	Select Setup > Property > Review Property. The Property filter appears.

2	Complete the filter and click Submit. The Property screen appears.

3	In the Functions menu, click Property Control. The Property Control screen appears.

4	In the Funding field, in the Accounting Control section at the top left of the screen, select the appropriate option:

Native Select this option for funding entities. Voyager uses the default cash account for payables and receipts.

The default cash account is the Offset Account on the Account Info screen for the G/L account, or, if the G/L account does not have an offset account, the Cash account specified on the Essential Accts tab of the Accounts and Options screen.

Interco Select this option for funded entities. Voyager uses the due-to account specified in the intercompany table as the cash account for payables and receipts.

5	Click Save.