Advanced Intercompany Solution

The Advanced Solutions Advanced Interco Solution (AIS) manages automated multi-tenant/company operations and accounting across all combinations of multiple, single operating companies and their branches, tenants with multiple companies/branches as well as multiple tenants with multiple companies/branches. AIS also supports multiple base currencies and streamlines inventory movements across entities, automates associated intercompany accounting transactions (“due-to, due-forms”); and supports all combinations of (non-inventory related) centralized payables where bills on behalf of many or all tenants/companies are made by a parent as well as receivables where the application & process of receipts for many or all tenants/companies is made from a designated parent company.

Multi Inter-Tenants & Companies Accounting and Operations
• Supports Acumatica Multi Entity (Tenants/Companies/Branches) on different base currencies, COA’s and calendars.
• Supports Accounting and Inventory Transfers with automatic Allocations and Disbursements. Auto Due-To’s and Due From’s.
• Centralized Payables: Pay bills on behalf of many or all tenants by a parent company and tenant
• Centralized Receivables: Apply & process receipts for many or all tenants from a central company and tenant/head office
• Restrict user access to assigned sites (Roll and Password projects in process)
• Flexibly close entities at different times for period ends

SALES AND INVENTORY MANAGMENT
• Create due-from and due-to entries automatically for inter-company transactions. Keep Accounts in Balance
• Initiate sales orders from one company that are invoiced and collected by a centralized accounting team from a different company.
• Let companies purchase goods and services that are approved and paid for by other peer or parent companies. Generate profitability reports that reflect the purchase at the company level.
• Centralize purchasing and invoicing through integrated AP, AR, and Sales Order Management. Purchase items and create sales orders in other companies with appropriate approvals.
• Assign warehouses and inventory to specific companies. Inventory transfers initiate inter-company transfers to preserve company-level reporting.

FINANCIAL MANAGMENT
• Allocate accounting transactions among companies for shared activities. You can perform allocations automatically according to your pre-set definitions.
• Manage financial periods separately for each company. Activate and deactivate financial periods for posting for a particular company, and close books separately in each company within the tenant.
• Link bank accounts to specific companies for their exclusive use. Assign cash accounts to specific companies in the Cash Management module.
• Companies having multiple legal entities within the same tenant can have different fiscal year-end dates. Accelerate implementation; simplify maintenance for companies that share vendors and employees; and facilitate the preparation of consolidated financial statements
• Centralize cash management, vendor payments, and customer invoicing
• Maintain income and expense attribution to the initiating company
• Full 1099 support and reporting by company and tenant

Asset Transfers
• Assign and track fixed assets to specific companies in the Fixed Asset Management module.
• Transfer assets and bring depreciation and purchase history to the receiving company.

SIMPLIFY REPORTING ACROSS MULTI TENANTS/COMPANIES
• Deliver customized reports across one, several, or all companies
• Generate consolidated reports that accurately reflect company wide results
• Eliminate inter-company transactions on company-wide reports if you choose
• Maintain individual ledgers for each company. You can eliminate inter-company transactions automatically when reporting across multiple companies.

“INTERCO” MAINTENANCE
• Create roles and groups of users that have access to specific companies and the associated transactions. Add users in seconds and maintain an audit trail of user activities.
• Reduce potential errors by allowing inter-company transactions only for specific accounts.
• Provide a centralized view of transactions with less setup time.
• Let related companies share vendor and customer records.
• Navigate between companies and branches that represent separate legal entities, as well as companies with branches that exist within the same legal entity.
• Share Selectable Vendors, Customers, Items and GL Accounts across multiple entities. (Companies within a company will share business accounts)
Preset allocation templates allow for quick apportionment of AP invoices to multiple tenants.