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Sample vendor invoice pdf for corporations

in this video we will see how to enter an invoice where the company that takes the invoice is different from the company that incurs the cost this is the intercompany recharged scenario what it means is one company is gonna pay for the cost but a name of another company which is gonna absorb the cost this leads to an intercompany transaction where one entity pays the invoice so has a credit to AP payable vendor payable I mean and a debit to intercompany receivable and another company has cost versus intercompany payable so how do we enter an invoice for that purpose for us to be able to do this we're gonna go to AP module first so we go to the AP module we're going to enter the invoice and what we're gonna do is first associate the entity that's going to owe the money to the vendor so the entity that is gonna pay for the cost and we provide the currency which is normal standard procedure process and we enter the header information such as the vendor the invoice number and other other parameters from the header that we have discussed in other videos so as you can see the important thing here is up here we're entering the the entity that's gonna pay for the invoice it's gonna have the vendor payable the rest of the parameters are the same as any other invoice but here in the non-stock line here is where the differences here we're gonna enter the entity that's going to incur the cost so we entered the entity that incurs the constant than the full fqa for this item for this cost and then in this manner this is basically an intercompany transaction well an invoice then it's going to lead to an intercompany transaction so what we're gonna have is an entity 100 we're going to have a debit to intercompany receivable and a credit to vendor payable and in entity 200 we're gonna have an intercompany payable credit and a debit to cost and the cost is whatever we put here the in the dish a QA coding so the question you might have is what how does the system know what when they're payable well first how is it possible to to enter this entity different from this one or the recharge scenario how can we enable the system to allow us to do that for us to be able to do this we have to have in company in both companies we have to enable this intercompany flag both companies need to have it and then the system when generates the journal is gonna assign and actually for the intercompany receivable and payable so how does the system no.1 intercompany receivable and what intercompany payable to use the system knows because of this intercompany tab so this intercompany tab tells us the relationship between the entities in this case when 200 as a payable intercompany payable to 100 it's going to use this code when it has a receivable from 100 and it's going to use this code and the same relationship has to be set in company 100 so we need to set the intercompany relationship table and receivable on both companies these codes if you want to know the other way you have to go to the account codes screen and then search for the corresponding code and there you're gonna know which ones which but what accounts what fqa is being affected and that's how you would enter anything in voice where the cost is going to be incurred by one entity but then which is paid by another