Process Intercompany Transactions – GoldFinch Clientcare

Applies toFinancial Consolidation

AudienceAll users

Last updatedOctober 27, 2025

In this article

Overview

The steps below illustrate how to record intercompany purchase and sale transactions between two GL Ledgers.

Set up two warehouses with corresponding GL Ledgers.

Read Configure Multi-Currency for more information on how to segregate inventory by GL Ledgers.

Enter a Sales Order with the Intercompany Sell-to Customer, Warehouse, and GL Ledger fields filled in.

When posting sales invoices, you will get the following GL Entries with the Due To/Due From GL Account.

Enter a Purchase Order with the Intercompany Buy-from Vendor, Warehouse, and GL Ledger filled in.

When posting purchase invoices, you will get the following GL Entries with the Due-To/Due From GL Account:

To reclass expenses from Actual-US to Actual-CA, enter the fields indicated in the image below on the General Journal lines.

Fields	Field Help
Is Intercompany	Set to True
GL Ledger	Should leave it blank
GL Account	It should start from the GL Account that you want to reclassify the amount to other subsidiaries. The offset GL Account should be Due To/Due From for the To Subsidiary.
Transaction GL Ledger	Should be populated with the subsidiary’s GL Ledger. The total Debit must equal to the Total Debit of each Subsidiary.
Customer/Vendor Account	Should be the Account set up for the other subsidiaries

When posting the intercompany General Journals, you will get the following GL Entries:

Article Process-Intercompany-Transactions · Last updated October 27, 2025 · GoldFinch ERP Help Center