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Automate intercompany sales with Intuit Enterprise Suite

by Intuit • Image Alt Text 1 •
Image Alt Text Updated 8/5/2026 04:42

Learn how to automate intercompany sales in Intuit Enterprise Suite.

Businesses with many companies often sell goods between companies. This includes transfer of goods between a parent company and its subsidiaries or between subsidiaries. Automate your transactions to save time, reduce manual work, and keep records accurate.

Understand the benefits

Here are some of the benefits when you automate intercompany sales in Intuit Enterprise Suite.

  • Increased efficiency and productivity: Automation reduces manual work and the need for intercompany journal entries (ICJE). It speeds up the transaction process and reconciliation between entities.

  • Greater visibility and control: Centralized intercompany transaction data creates a single source of truth to help you understand your business better.

  • Improve decision-making and profitability: Real-time insights help you make smarter decisions that drive growth and increase profits.

Create, receive, and monitor intercompany invoices

Here’s what you can do to automate your intercompany invoices:

When you create an invoice, an accounts receivable manager adds key details to it before sending it to the accounts payable manager for review. Here’s how to create an intercompany invoice:

  1. Select + Create.

  2. Select Invoice.

  3. Select a customer from the list. Then, select from your organization’s (IC Customer) list to automatically set up an intercompany invoice.

  4. An Internal customer note (hidden) will be added to say: ICT.

  5. Save your invoice or Send for Acceptance. A draft will be created but won’t post to any chart of accounts (COA) until the receiving company accepts the bill.

  6. To view the invoice draft, go to Consolidated View, select All Apps, select Accounting, and then select Intercompany Transactions.

Tip: To make sure there's a correct consolidated report, the invoice remains in a draft state until the bill is accepted. You can also learn how to allocate expenses between companies.

A matching bill will be created automatically for the receiving company with amounts, dimensions, descriptions, and bill date populated.

Important: The accounts payable (A/P) manager needs to review and make sure the bill matches the invoice before posting. The invoice and bill are linked to keep reports accurate and consolidated.

To access this bill, follow the steps:

  1. Go to All apps A bunch of numbers and letters on a tile wall., then Expenses & Bills, then Bills (Take me there).

  2. Confirm you’re on the For Review tab under Intercompany Bills.

  3. Select Review to open the bill, categorize it based on the account, and update any necessary dimensions.

  4. Select Save as draft or Accept and close. Confirm that saving has linked the invoice and bill as an intercompany transaction.

Note: Invoice and bill details might not match exactly—for example, one could be rent while the other is rent income.

Eliminate intercompany transactions through guided system processes.

  1. Guide the lead accountant or controller on the consolidated view page, then go to the Multi-Entity Hub, and then go to the Transaction section.
    Tip: This unified view shows all intercompany transactions, including invoices, bills, journal entries, and allocations. This automatically flows into consolidated reports for a complete business overview.

  2. To review the accounting, instruct them to view the transaction journal across both companies on one screen.

  3. Once confirmed, show them how to select the transaction and select Eliminate.
    Note: To perform eliminations, you need the "Manual Eliminations" policy. Current parent admins get this access automatically, while others need to ask their primary parent admin to grant it.

  4. The system will prefill the values for manual elimination. The accountant or controller needs to review them carefully, then save.

  5. Once completed, your consolidated reports will be accurately prepared and ready for review.

Note: If you need help with journal entries, you can work with an Intuit Expert Bookkeeper.

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