Partner Technical Services

Product Release Training:

Microsoft Dynamics AX 2012
Financials Management New
Features - Financials Part 2
Lab 14: Intercompany

V1.1 Released: June 2, 2011

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Table of Contents
Lab 14: Enter and Post an Intercompany Transaction .................................................................................. 1
Exercise 1: Post the Intercompany journal and trace the related voucher transactions ..........................................2
About the Author
Author: Anthea McCarthy
Bio: Anthea is a Support Engineer in the UK who has 5 years' experience with Microsoft
Dynamics and 3 years' experience specifically with Microsoft Dynamics AX. She
specializes in Financial Management and Project Accounting.
V1.1

Lab 14: Enter and Post an Intercompany

Transaction
During this lab, a user will enter and post an intercompany transaction and trace the
associated voucher entries.
Estimated time to complete this lab: 30 minutes

Before You Begin

To complete this lab:
 Users will need access to the Microsoft Dynamics AX 2012 Sample data.

What You Will Learn

After completing this lab, users will be able to:
 Enter and Post an Intercompany transaction
 Trace an Intercompany transaction

Scenario
Ken, The controller at Contoso Entertainment USA (CEU), received an invoice for office
supplies ordered by Contoso Entertainment Europe (CEE). Record the transaction in CEU
that will post the intercompany entry to CEE. After posting the entry, trace the transaction to
verify that both companies are updated correctly.

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Lab 14: Intercompany V1.1
Lab 14: Enter and Post an Intercompany Transaction

Exercise 1: Post the Intercompany journal and trace the

related voucher transactions
Scenario
Help Ken enter the data and post the entry. Use the following information to post an entry in
CEU using the general journal. Then use the Voucher Transactions form to verify that the
entry has been posted to the appropriate accounts in CEU and CEE.
Field Value
Date February 15, 2011
Debit 6300, Office operational expenses
Credit 110180, Petty Cash Account
Amount 300 USD

Tasks

1. Enter into the journal.

a. Verify that the user is in CEU.
b. If the user is not, double click the company field on the status bar.
c. Select CEU, and then click OK.
d. Click General Ledger, click Journals, and then click General Journal.
e. Press Ctrl+N to add a new line.
f. In the Name field, click the arrow to select GenJrn.
g. Click Lines.
h. In the Date field, enter 02/15/2011.
i. In the Account field, enter 110180.
i. In the Credit field, enter 300.
j. Click General tab.
k. In the Offset company accounts field in the Offset account field group, click
the drop down arrow to select the correct company - CEE.
l. In the Offset account field, enter 6300.
m. Click the Post button, and then click Post.

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V1.1

n. Click Close to close the Infolog.

o. Close the Journal form.

2. Trace the journal entered in Step 1.

a. Verify that the user is in CEU.
b. If the user is not, double click the company field on the status bar.
c. Select CEU, and then click OK.
d. Click General Ledger, click Inquiries, and then click Voucher transactions.
e. In the Criteria field for Date, enter 02/15/2011.
f. Click OK.
g. Locate and review the lines for the intercompany transaction:
a. A debit entry to account 130350, Inter-unit Receivable - CEE
b. A credit entry to 130350,Petty cash account
h. Double click the company field on the status bar.
i. Select CEE, and then click OK.
j. Click General Ledger, click Inquiries, and then click Voucher transactions.
k. In the Criteria field for Date, enter 02/15/2011.
l. Click OK.
m. Locate and review the lines for the automatically generated intercompany
transaction:
a. A debit entry to account 6300, Other operational expenses
b. A credit entry to 3360,Due to CEU company

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