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Intracompany vs. intercompany payments

August 20, 2020
March 28, 2023

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Q. What are Intracompany and Intercompany payments, and how are they different? How are these transactions typically dealt with in the Accounts Payable process?  A. (Answered by the IOFM Advisory Panel) ----- "Intracompany" payments are those made from one part of the company to another part of the company and do not involve an outside party, whereas "intercompany" payments are those payments made by one company to any other company. Think of intrastate (within the state) vs. interstate…

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