When creating a Journal Entry, an Inter-Branch Entry occurs if a branch associated with the debits and credits differ from the branch associated with the header record. This is demonstrated when creating bills, paying bills, making deposits, creating invoices, and transferring parts.
Articles
Inter-Branch Bill Creation(Pro)
When creating a bill, the general ledger entry associated with the bill generally posts as a debit to Inventory/COGS (if direct expensing) and a credit to Accounts Payable. When using branches, Accounts Payable posts to the branch associated with th...
Inter-Branch Bill Paying (Pro)
When paying a bill, users specify a bank account to use for paying the bill. If the branch for the bank account is different than the branch associated with the accounts payable on the bill (which comes from the vendor), there is an inter branch GL ...
Inter-Branch Deposits (Pro)
When reconciling a deposit, users specify a bank account for the deposit, which creates a journal entry to record moving the money from undeposited funds to the GL account associated with the bank account. If the bank account’s branch is different t...
Inter-Branch Accounts for Invoices (Pro)
When creating an invoice, the general ledger entry associated with the invoice generally posts as a debit to accounts receivable and a credit to an income account. Accounts Receivable is always posted to the branch associated with the customer’s inv...
Inter-Branch Part Transfers (Pro)
When transferring parts between warehouses, the transfers create inter-branch entries if the warehouses are in different branches.
For Example: Part transfers in between branches:
Warehouse A Branch A
Warehouse...
Inter-Branch Grids (Pro)
With this grid, users can see and manage the money that needs to be transferred between bank accounts.
The grid is separated by branch. Within each branch header, users see what is due to/due from each branch underneath that. Each branch subset...