Create and Intercompany Liability Account
One Intercompany Liability account should be added to the liability area on the Chart of Accounts. The Type should be Bank Account, and the Category should be Current Liabilities. The Bank Detail should be setup as this will be used as a Bank Account. This is different than the Intermarket account and the Intermarket account must NOT be used for this purpose.
Additional Intercompany Liability accounts may be setup as needed. If one expense will retain a liability, but others will maintain a zero liability, additional Intercompany Liability accounts will be needed
