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 needs a unique Party code for identification purposes. Agree on a naming strategy with all companies in the group and ensure consistency in Party code naming. Follow these steps to set it up:

  1. Choose the 🔎 icon, enter Pryme Intercompany setup, and select the related link.
  2. Enter a Party code in My party code.

Exclude a dimension in the intercompany data

If your company uses local dimensions (i.e., only relevant for a specific company) and shouldn’t be shared with other companies, you can exclude the dimensions from the Topic message.

  1. Choose the 🔎 icon, enter Dimensions, and select the related link.
  2. Change Skip for Intercompany (IDM) to On/Selected for any dimension you want to exclude.

Expense payment type

If you are using the Project ledger entries functionality to transfer expenses between companies, you must add an Expense payment type to prevent expenses from posting to the general ledger. The general ledger will be updated when you post the Purchase invoice. This Expense payment type is only for intercompany transactions.

  1. Choose the 🔎 icon, enter Expense payment type, and select the related link.
  2. Create a new expense payment type and set the Expense payment function to Company paid and the Expense posting to NONE.
  3. Choose the 🔎 icon, enter Project expense posting setup, and select the related link.
  4. Create an Expense code for each code you have, and add the newly created Expense payment type.
  5. Fill in the necessary fields. Hover over a field for a short description.

Permissions

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