To correctly display the flow of funds between Business Groups, configure the Business Groups with the Transfers Payable and Transfers Receivable accounts.

Prerequisites

  • Two separate Business Groups are in the system.
  • General Ledger (GL) accounts are created for the Transfers Payable Account and Transfers Receivable Account for each Business Group.

How to Configure Business Groups for Internal Transfers

  1. Navigate to the Business Groups tab.
  2. Select the desired Business Group record.
  3. From the Detail page, click the Edit action. An edit window will open.



  4. Click the Transfers Payable Account field in the Accounting Settings section and select the account for use when funds are payable to another Business Group.
  5. Click the Transfers Receivable Account field and select the account for use when funds are due from another business group. 



  6. Click Save.

  7. Repeat steps 1-6 for the second Business Group. 

    Note

    In order to correctly allocate funds, ensure that all Business Groups have the Transfers Payable Account and Transfers Receivable Account fields populated.