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hey work theyre reporting folk today were gonna have a quick video tutorial on intercompany what we have here is Services has received a supplier invoice for the following amount 15,000 its posted that into various expenses for facilities expense to these cost centers and to these reasons to these different regions right so eastern and western as rent might set its rent posting and so thats all fine here comes the first thing is intercompany receivable theres facilities and another receivable now whats happened here you posted it to the facility of you posted it to another company might part of this expense and that part of expense that you can see every year to impose a residual why do facilities to facilities and a different areas here different work tags and and thats created your intercompany payable and your intercompany it accompany receivable so theres the journal when you have a look at how this ends up in a financial reports now this report here purely has you know yet
