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 reimbursement 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. Once posted, X-Company will be able to release the intercompany entries to their respective ledgers.
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.