Expense Invoice Sent to Company A
Company B’s share of the invoice is 30% while Company C’s share is 20%. Company A will Pay the invoice but requires payments from both intercompanies.
Invoice is Entered into X-Company
All invoice details are entered into X-Company including what account an intercompany’s share of the expense will be allocated to. X-Company allows you to access your intercompany’s Chart of Accounts so you know exactly where to allocate the expense.
Retrieve X-Company Batch in Adagio Payables
Open Adagio Payables and a batch from X-Company will be waiting for you. Post the batch.
Adagio Ledger Entries
Company A's ledger will show the complete invoice payment, a 30% Due to/From Company B entry, and a 20% Due to/From Company C entry.
Company B's ledger will show a 30% Due to/From Company A.
Company C's ledger will show a 20% Due to/From Company A.