In the continuation of the previous article of this series linked here, the next step would ideally be to define the Legal Entity. However, before we do so, let us add the intercompany segment first to our chart of accounts. Before we go ahead and see the steps for adding the intercompany segment, let us first understand the basics of intercompany accounting.
Firstly what is an intercompany segment?
The Intercompany segment allows you to track the internal business activity between different legal entities within the same group company or enterprise.