Intercompany Accounting Overview

With intercompany accounting, a funding entity handles accounting tasks for funded entities, paying expenses and receiving income. The funding entity is the “parent.” Funded entities are “children.”

For purposes of intercompany accounting, entities are properties. You add entities by adding properties. Some entities may be management groups or funds rather than properties, but they still require a property record.

This chapter describes how to set up Voyager to process intercompany receipts, payables, and journal entries.

After setup is complete, Voyager automatically creates appropriate intercompany journal entries when you process receivables or payables.

This chapter also describes how to create intercompany journal entries. After it is set up for intercompany accounting, Voyager automatically adds intercompany line items when you process intercompany journal entries.

Finally, this chapter describes how to process intercompany reimbursements,