Intercompany Accounting

Acumatica automates intercompany accounting 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.

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Highlighted Features

Centralized Accounting
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. Inter-company 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 inter-company 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.
 

Additional Features

• Account Based Controls: Define which accounts allow inter-company transactions. For example, you may allow inter-company transactions for your balance sheet accounts while excluding others.
   
• Centralized Purchasing and Invoicing: Integration with the Accounts Payable (AP), Accounts Receivable (AR), and Sales Order Management (SO) modules enables centralized purchasing and invoicing. Organizations can purchase items and create sales orders that are approved by and associated with other organizations.
   
• Entity Information Sharing: Information about customers and vendors can be shared among entities to simplify setup and provide a single view of activities with external groups.
   
• Organizational Bank Accounts and Cash Management: Link bank accounts to specific organizations so the account can be used exclusively by that entity. Integration with the Cash Management (CA) module allows you to assign cash accounts to specific organizations.
   
• Asset Transfers: Integration with the Fixed Asset (FA) management module allows you to assign and track fixed assets to specific organizations. When assets are transferred, depreciation and purchase history moves with the asset.
   
• Overhead Expense Management: Allocate account transactions to other entities to associate shared activities among multiple organizations. Use predefined allocation rules or define specific rules.
   
• Audit Trail: The Intercompany Accounting features are linked to all other modules to provide a complete audit trail of all inter-company transactions. The system keeps the details of all scheduled transactions, including the user who entered the transaction and the user who modified the record.