Acumatica automates intercompany accounting for the management of intercompany accounts for organizations with multiple business entities. The software seamlessly manages financial reporting, centralized bill payment, centralized cash management, and inter-entity transfers.
Intercompany Accounting is an add-on feature that integrates with the Acumatica Financial Suite and the Acumatica Distribution Suite.
"Acumatica beats every other accounting package I've ever worked with. One example is its intercompany accounting feature. Instead of having to post two entries - one for each company - we only have to post one. It simplifies the steps and reduces the risk of error."
Reduce overhead by centralizing accounting functions such as cash management, vendor payments, and customer invoicing. Intercompany accounting features attribute income and expenses to the entity that initiated the transaction, even though administration was done centrally.
Automatic Eliminations and Reporting
Individual ledgers are maintained for each organizational entity. Intercompany transactions are automatically eliminated when rolling up financial statements across multiple organizations. Reports deliver information for one or more entities without having to be redesigned.
Automated Inventory Transfers
Assign warehouses to specific organizations. When inventory is transferred from one organization’s warehouse to another, the appropriate intercompany accounting transactions are automatically created.
Role Based Access
Create roles and groups of users that have access to specific organizations and the associated transactions. Add users to specific organizations in seconds. Users with access to multiple organizations or branches can rapidly switch views without logging in again.
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