Intercompany End of Month

Month/Year end Process

Bring to account the closing value of the inter company loan account at year end

To avoid the build up of large unrealised gain/losses over time. The unrealised gain/loss should be brought to account at year end

This only applies to balance sheet accounts which are unlikely to be cleared over time such as inter company loan accounts

Run restatement at year end

Navigate > Ledger > Restate Genereal Ledger

Current restatement

General Journal to bring the closing of inter company loan account

Run restatement again once journal is posted

Navigate > Ledger > Restate General Ledger

Current restatement is now Nil

Review Divisional loan accounts