Automate financial reporting, inventory transfers, vendor, payments, cash management, and inter-company transfers across multiple related companies.
How Inter-Company Accounting can work for you
Track financials and create reports for an unlimited number of related companies within your organization. Related companies can share charts of accounts, calendars, currencies, and non-financial data. Acumatica system integration manages inter-company payments in AP, centralize invoicing in AR, inter-company journal transactions, inter-company goods transfers, company-specific cash accounts, and more.
Key Benefits of Inter-Company Accounting for your Company
Centralize cash management, vendor payments, and customer invoicing while maintaining income and expense attribution to initiating company.
Customized Reports and Inquiries
Deliver customized reports across one, selected, or all companies with integrated query and reporting tools. Financial reporting tools can eliminate inter-company transactions on company-wide reports.
Role Based Access
Control access to specific companies and associated transactions based on roles and groups of users. Users with access to multiple companies can rapidly switch views without logging in again.
Important Features of Inter-Company Accounting
Allow inter-company transactions only for specific accounts.
Centralize purchasing and invoicing through integrated Accounts Payable (AP), Accounts Receivable (AR), and Sales Order Management (SO). Purchase items and create sales orders in other companies with appropriate approvals.
Link bank accounts to specific companies for their exclusive use. Assign cash accounts to specific companies in the Cash Management (CA) module.
Assign and track fixed assets to specific companies in the Fixed Asset (FA) management module. Transfer assets and bring depreciation and purchase history to the receiving company.
Allocate accounting transactions among companies for shared activities. Allocation can be automatic, according to pre-set definitions.