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Intercompany Process Flow

This document outlines the process flows for intercompany transactions between Pepsi affiliates using either netting or non-netting. The netting process flow involves setting up a netting bank and accounts, issuing an invoice from one affiliate to another, running accounting to create a receipt and check entries, then issuing a payable and payment from the receiving affiliate using the netting bank. The non-netting process is similar but does not use a netting bank, instead affiliates directly issue and pay invoices between each other without netting transactions together.

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361 views20 pages

Intercompany Process Flow

This document outlines the process flows for intercompany transactions between Pepsi affiliates using either netting or non-netting. The netting process flow involves setting up a netting bank and accounts, issuing an invoice from one affiliate to another, running accounting to create a receipt and check entries, then issuing a payable and payment from the receiving affiliate using the netting bank. The non-netting process is similar but does not use a netting bank, instead affiliates directly issue and pay invoices between each other without netting transactions together.

Uploaded by

jyothirmai
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Intercompany Process Flow (Netting & Non-Netting)

NETTING Process Flow


Setups:
Customer Email Address
Netting/Dummy Bank Creation

Bank Branch

Bank Account
Process Flow
Receivables Transaction from Initiator’s side

Run Submit Accounting


Check Accounting Entries

Run “Pepsi: Norway AR Invoice & Custom Re-Print”

Check for Normal Completion of Program


Mail received
NORWAY TRADING COMPANY EUROPE GMBH

Spitalgasse 2•CH-3011 Bern•Norway•

TEL +41 (0) 31 334 7000


FAX +41 (0) 31 334 7001
VAT No. CHE-116.305.055 MWST

Invoice Details Customer Details


Invoice No : 20041 PEPSICO Nordics Quaker Denmark
Invoice Date : 20-APR-18 Pesico Denmark
Pepsico Quaker Denmark 1234
Denmark
VAT Number :
Customer Number : 3660
Contact :
PCIL.Intercompany@pepsico.com

INVOICE Net Value exc. VAT 350.0


0
VAT 0.00
Invoice Header and Notes Gross Value Inc. 350.0
VAT 0
Description of Goods / Services Value VAT
Excl. VAT
NOK

Norway Revenue Memo Line 350.00 0%


Payment Terms
120 Net
Bank Account Details
Citibank Account Name: NorwayTrading Company

25 Norway Square,Canary IBAN: GB04CITI18500811038257


Wharf,Norway,W14 5LB Swift Code: CITIGB2L
Account No.: 11038257
Sort Code: 18-50-08

Registered Office: Spitalgasse 2• CH-3011 Bern• Norway Company No.: CHE-106.839.680


Payable’s Invoice from Recipient’s side

Payment method should be selected as Intercompany Netting


Check Accounting Entries

Make payment to supplier


(Note: In case of batch payment, select the template with netting bank account or if payment
done without template, then process payment separately for these types of invoices.)

Run Create Accounting and check accounting entries


Creation of Receipt from Initiator’s side
Check Accounting Entries
Non-NETTING Process Flow
Customer Email Address
Receivables Transaction from Initiator’s side
Run “Pepsi: Norway AR Invoice & Custom Re-Print”

Mail Received
NORWAY TRADING COMPANY EUROPE GMBH

Spitalgasse 2•CH-3011 Bern•Norway•

TEL +41 (0) 31 334 7000


FAX +41 (0) 31 334 7001
VAT No. CHE-116.305.055 MWST

Invoice Details Customer Details


Invoice No : 20061 PEPSICO Nordics Quaker Denmark
Invoice Date : 23-APR-18 Pesico Denmark
Pepsico Quaker Denmark 1234
Denmark
VAT Number :
Customer Number : 3660
Contact :
PCIL.Intercompany@pepsico.com

INVOICE Net Value exc. VAT 700.0


0
VAT 0.00
Invoice Header and Notes Gross Value Inc. 700.0
VAT 0
Description of Goods / Services Value VAT
Excl. VAT Rate
NOK

Norway Revenue Memo Line 700.00 0%


Payment Terms
120 Net
Bank Account Details
Citibank Account Name: NorwayTrading Company

25 Norway Square,Canary IBAN: GB04CITI18500811038257


Wharf,Norway,W14 5LB Swift Code: CITIGB2L
Account No.: 11038257
Sort Code: 18-50-08

Registered Office: Spitalgasse 2• CH-3011 Bern• Norway Company No.: CHE-106.839.680


Payables invoice from Recipient’s Side
Make Payment
Create Receipt

Apply Invoice
Run Submit Accounting

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