How to setup inter company accounts and do inter company postings

Inter company transactions are handled in NEOSYS by first creating inter company accounts in the Inter company ledger and then linking this account in the Company file.

For example a company NEOSYS A wants to transfer an amount to company NEOSYS B

1. Create intercompany accounts for Company A and Company B in Chart of Accounts>Intercompany Accounts Ledger

2. Link the account NB in Company File of Company A and NA in Company File of Company B

3. Use an appropriate Journal Type to show the Transaction

Note how NEOSYS automatically creates a voucher under each company using the inter company accounts and auto-numbers these vouchers