InterCompany Stock Transfer Configuration

Owned by Ghugan Sivaperumal (Unlicensed)
Last updated: 2019-Nov-02 by Jimmy Low
3 min read

Menu Path: Control Panel > System Admin > EMP Configuration > Trading > Intercompany Stock Transfer

Intercompany Stock Transfer is used when user transferring stock between two DIFFERENT companies which each company is treated as supplier or customer. Intercompany Stock Transfer is transferring stock of any items from one PC Center to another or among Branches from different PC Centers, however user need to make sure Company is exist under Organization Structure > Company and Branch is exist under Add Branch.

The concept of intercompany stock transfer uses the invoicing concept, where the stock sender will invoice the recipient.

  • Please make sure the new intercompany stock transfer configuration is ENABLED and click Submit


Scenario: 

  • Company A has Branch A1 and Branch A2
  • Company B has Branch B1 and Branch B2

In branch setting, we include two new columns and inputs as below:
e.g.

→ in Branch A1, set
Supplier Contact Person: SupplierCpA1
Customer Contact Person: CustomerCpA1


→ in Branch B2, set
Supplier Contact Person: SupplierCpB2
Customer Contact Person: CustomerCpB2

Whenever Branch A1 create invoices to Company B Branch B2, it uses its supplier Contact Person (SupplierCpA1) to pair with Company B Branch B2 customer Contact Person (CustomerCpB2). The transaction will rely on the supplier Contact Person and customer Contact Person only, so two ways selling and buying from crossing companies will become more convenient than previous setting (one customer and supplier for one way transaction, specified selling and buying company).


Below is the procedures to set up new Intercompany Stock Transfer.
A scenario used throughout the guide is taken from wavelet-training.wavelet.systems/emp/ (training server, user name: wms1001 ; password: 123456)

  1. Identify selling and buying companies and its branches. 
    E.g. A Co. has 2 branches namely A Co.B1 and A Co.B2.
    On the other hands, there is B Co. which has 2 branches namely B Co.B3 and B Co.B4.

    CompanyBranch
    A Co.A Co.-B1

    		A Co-.B2
    B Co.B Co.-B3

    		B Co.-B4

  2. Create customer and supplier account (to represent buying and selling company respectively) with contact person (to represent branch of the company).

    Below is the sample for above scenario.
    Supplier ID and customer ID with contact person is created as below:


    		SupplierCustomer
    Supplier ID1010 (A Company Sdn Bhd)-
    Customer ID
    		4703 (B Co. Sdn Bhd)
    Contact PersonA Co.-B1B Co.-B4
    Represented BranchA Co.-B1B Co.-B4
  3. Navigate to EMP configuration > Trading > Enable New Intercompany Stock Transfer Configuration, and re-log in to the system (to take effect).



  4. Next, navigate to Control Panel > Developer>Branch Maintenance > Edit branch/Branch Listing, to edit the respective branch.

    Here, A Co.-B1 and B Co.-B4 from training server is used.


    Supplier ID set up description:


    The configuration for supplier branch (A Co.-B1) as below:


    Customer ID set up description:


    The configuration for customer branch (B Co.-B4) as below:

    Click Save Changes to confirm the branch Intercompany Settings.
    Until this step, the configuration are done.



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