HI Friends,
Would appreciate if any of you can share their experience on the above subject.
What is proposed is that Company A and Company B (both under the same management and related) shall have an integrated sales process, whereby Company A will directly enter the stock transfer orders in Co. B and the goods will be directly shipped to customers of A by B, bypassing the need of GRN and MIRO in Co. A as no POs will be issued by A to B.
However Co. A shall issue the Sales Invoices to its customers to whom the goods have been directly shipped by B and would record the liability yo Co. B thru FI Invoice. This is a new concept we are coming across and would like the members to share their experience with regard to analysis and VAT reporting challenges faced by finance in terms of internal controls and compliance.
Thanks !
RN