Basic setup

Learn about the basic set up that needs to be done before you start setting up parties, topics and subscriptions in Pryme Intercompany

  2 minute read  

Add your Party Code

Each company must have a unique party code for identification. A naming strategy should be agreed upon with all companies within the group to ensure consistency in Party code naming. Follow these steps to set it up:

  1. Select the 🔎 icon, enter Pryme Intercompany Setup, and choose the related link.
  2. Enter a Party Code in the My Party Code field.

Exclude a Dimension in the Intercompany Data

If local dimensions are used by your company (i.e., dimensions relevant only for a specific company) and should not be shared with other companies, they can be excluded from the topic message. Follow these steps:

  1. Select the 🔎 icon, enter Dimensions, and choose the related link.
  2. Set Skip for Intercompany (IDM) to On/Selected for any dimension to exclude.

Expense Payment Type

When using the Project Ledger Entries functionality to transfer expenses between companies, add an Expense Payment type to prevent expenses from posting to the general ledger. The general ledger will be updated when the Purchase Invoice is posted. This Expense Payment Type is specifically for intercompany transactions.

  1. Select the 🔎 icon, enter Expense Payment Type, and choose the related link.
  2. Create a new expense payment type, setting the Expense Payment Function to Company Paid and the Expense Posting to NONE.
  3. Select the 🔎 icon, enter Project Expense Posting Setup, and choose the related link.
  4. Create an Expense Code for each code and assign the newly created Expense Payment Type.
  5. Complete the necessary fields. Hover over each field for a short description.

Permissions

Users who need to send projects to other companies must have the USER IDMYME permission.