Inter-company AP

Applies to:  Currently for SBT Pro Series 5.0

Overview of Modification: This enhancement allows for one SBT company to pay for the expenses of one or more of the other SBT companies expenses. Here is how it works: The customer enters and AP invoice. If one of the distribution accounts is a "Inter-company" account. it creates a journal entry in the company it is paying the expense for (credit: Inter-company payable debit: expense). In the originating company it creates an Inter-company receivable (that corresponds to the distribution account entered). The Inter-company Receivable and Payable is determined by a look up table that the client enters. To pay of the Inter-company receivable a cash transfer is done.

 This works with all aspects of AP - recurring payables, edit AP invoices, voiding and so on.

      Installation: For Pro Series 5.0  – run installation program and select where SBT is installed. Go into system manager -> maintain-> companies -> Inter-company Accounts and enter Inter-company GL account numbers.  

      If you have any questions or comments please call or email us at:

(949) 589-1400

email: IAS@IASsystems.com

Innovative Accounting Systems

Statement of Limitations

1.        Copyrights:  The copyrights of all custom software belong to Innovative Accounting Systems.  The customer has the non-exclusive right to use the program but not to resell it.

2.        Warranty:  Innovative Accounting Systems warrants that the custom enhancements of the SBT Accounting Systems created by Innovative Accounting Systems will conform to and operate in accordance with SBT code Specifications.

3.        Except as stated above, the custom application is provided ‘AS IS,’ Without warranty of any kind, either expressed or implied, including, without limitation, implied warranties of merchantability and fitness for a particular purpose.  In no event will Innovative Accounting Systems be liable for any damages, including, without limitation, incidental and consequential damages and damages for lost data or profits, arising out of the use of or inability to use the program, even if Innovative Accounting Systems has been advised of the possibility of such damages.