Default Clearing Account Impacted During Intercompany Transfer Order

When creating an Intercompany Transfer Order for a single item, the "Item Receipt" function impacts "offset accounts". This is actually the account set on the "Intercompany Account" on the subsidiary record (Setup > Company > Subsidiaries) of the source subsidiary and is used to offset the transfer of charges from intercompany transactions like this as well as for intercompany time and expenses.