What is inter company settlement?

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What is inter company transaction & Intra company Transaction?
Posted by:
Shweta Adnani
29-April-2016

Question ajoutée par SYED ALI AKHTAR , Accounts Controller , The Maritime Co. for Navigation (Freight Forwarding Agent of Ministry of Diffence of Saudi Arabia)
Date de publication: 2016/04/20

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par MUHAMMED SHAMEEM CPP CIPS , Senior Procurement Officer , Power International Holding

Dears ,

A company may have various company codes across the different locations... There will be exchange of goods and services between these company codes. These goods and services which are shared or exchanged between these company codes are reconciled during the month end process. The exchange difference has to be settled by a company code in the way of money transfer this process is known as intercompany settlement.

Best Regards ,

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