Global Intercompany System

[Arjunn]

Hi Friends,

Can anyone explain what is a GIS, and its need.

TIA

[Velumuthu]

Arjunn,

Global Intercompany System is a feature using which one can track transactions that occur betwen different Legal Entities having different Set of Books within a single ggroup.GIS works only for General Ledger and is nothing to do with transactions originate from Sub Ledgers.

Example:

Co 01 making payment on behalf of Co 02 & Co 03. Separate Set up is required in GL to use GIS like Subsidiaries, Intercompany clearing A/C,Threshold Limit etc.

Regards,
Velumuthu.S