Intercompany transaction

(redirected from Intercompany Transactions)

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 ?
com , a site that provides near real-time visibility into BlackLine's uptime and performance; andIntercompany Settlement , an enhancement of BlackLine's Intercompany Hub, the industry's first enterprise-class clearinghouse for intercompany transactions.
Misys is now using a single unified instance of NetSuite OneWorld to run mission-critical business processes including key financial reports , billing, procure to pay, order-to-cash, revenue recognition, multi-currency, multi-language, intercompany transactions, and multi-country taxation compliance.
HP Software is using one single unified instance of NetSuite OneWorld to run mission-critical business processes including order-to-cash, revenue recognition, multi-currency including the Euro, the Japanese yen, the Swedish krona, the Swiss franc, the British pound and the dollars of the US, Canada, Australia, New Zealand, Singapore and Hong Kong, intercompany transactions and multi-country taxation compliance.
As companies grow and expand, intercompany transactions proliferate.
Intercompany transactions can be used to shift income from entities with a physical nexus in many states to a related member with a limited nexus in favorable taxing jurisdictions.
Tax authorities also look for evidence that taxpayers have applied the arm's-length principle reliably to all material intercompany transactions.
Although intercompany transactions are eliminated when consolidating the financial results of controlled foreign corporations and their domestic parents, for tax purposes such entities are not consolidated (Sec.
0, which is designed to help large companies close their financial books faster and more accurately by easily reconciling intercompany transactions.
He has participated in engagements involving various tax controversy situations, negotiation and implementation support for Advance Pricing Agreements with tax authorities, design of intercompany pricing methodologies, valuation of intangible property transferred in intercompany transactions, including cost-sharing agreements, and preparation of transfer pricing documentation.
The majority of these charges relate to foreign exchange calculations, indirect tax balances and tax reserves for certain prior intercompany transactions and balances.
0 million of intercompany transactions that will eliminate in consolidation.
Tax administrators have increasing concerns that taxpayers are using intercompany transactions to shift income from one taxing jurisdiction to another.