Intercompany transaction

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Intercompany transaction

Transaction carried out between two units of the same corporation.

Intercompany Transaction

A transaction that occurs between two companies. For example, if a supplier sells to a retailer, this is said to be an intercompany transaction. It should not be confused with an intracompany transaction.
References in periodicals archive ?
The more countries a business operates in, the more complex its inter-company transactions become and it is certainly not an area that can be left to manage itself.
Price and market changes affect the benchmarks that companies may have used for setting or validating inter-company transactions in Europe.
However, the level of reliance on inter-company transactions is expected to reduce significantly in 2011.
Too many businesses in the West Midlands are gambling with their tax affairs in the wake of the Inland Revenue's crackdown on inter-company transactions with overseas partners, warns a leading international tax expert from accountants PricewaterhouseCoopers.
Then use the prices that result from the comparables in the inter-company transactions and construct and analyze the income statements referred to in the previous item to see that the result is reasonable from the viewpoint of each country involved in the transactions.
1 million tax effect on inter-company transactions.
Global Entity Manager[TM] Professional Edition tracks comprehensive entity attributes, including; governance information, M&A activity, tax jurisdictions, registered agents, transfer pricing agreements and inter-company transactions.
5) Combined figures presented refer to results from other TFT-LCD related subsidiaries in which Innolux Corporation has 50% or more ownership, and already eliminates inter-company transactions between Innolux Corporation and these companies to avoid double-counting.
Under the terms of the transaction, the assets of the Australian Subsidiaries will be valued at their current book value for purposes of the sale of shares transaction; the Company will pay all taxes outstanding and due from the Australian Subsidiaries; Bayview will assume all outstanding mortgages on the properties owned by the Australian Subsidiaries; and all outstanding inter-company transactions between the Company and the Australian Subsidiaries will be paid in full by the Company.
Global Entity Manager[TM] Tracks comprehensive entity attributes, including governance information, M&A activity, tax jurisdictions, registered agents, and inter-company transactions.
Global Entity Manager[TM] Tracks comprehensive entity attributes, including; governance information, M&A activity, tax jurisdictions, registered agents, and inter-company transactions.
As the company expanded and opened new restaurants in recent years, it realized that its previous QuickBooks Enterprise accounting software was not equipped to support increasing needs for inter-company transactions, real-time line item reporting across restaurants, or multi-user access.

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