Multi-Entity & Intercompany Accounting
Streamline accounting and reporting across multiple entities, and dramatically reduce errors and inaccuracies in financial statements.
How Intercompany accounting can work for you
Intercompany accounting is a crucial and potentially complex process for any company that has at least one subsidiary. Acumatica Intercompany Accounting lets you automate financial reporting, inventory transfers, vendor, payments, cash management, and inter-company transfers across multiple related companies. You can track financials and create reports for an unlimited number of related companies within your organization, and those related companies can share charts of accounts, calendars, and currencies, as well as non-financial data. User and role-based controls allow you to easily restrict access to customer or vendor records by branch or company.
Key benefits of Intercompany Accounting for your business
One view across all related companies
Centralize cash management, vendor payments, and customer invoicing while maintaining income and expense attribution to the initiating company.
More accurate financials
Build reports to summarize data across companies while eliminating related company transactions. This intercompany reconciliation greatly reduces the chance of inaccuracies in the company’s financial statements.
Tailor and automate reporting
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.
Company and branch selection
Easily navigate between companies and branches that represent separate legal entities, as well as companies with branches that exist within the same legal entity.
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.
Close financial periods by company
Manage financial periods separately for each company, including posting to closed periods. Activate and deactivate financial periods for posting for a particular company, and close books separately in each company within the tenant.
Additional features of Intercompany Accounting Management
- Account Based Controls
- Centralized Purchasing and Invoicing
- Company Bank Accounts
- Asset Transfers
- Account Allocations
- Support for Different Financial Calendars
- Cross Company Sales
- Restrict Access
Account Based Controls
Prevent potential intercompany reconciliation problems by allowing intercompany transactions only for specific accounts.
Centralized Purchasing and Invoicing
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.
Company Bank Accounts
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.
Support for Different Financial Calendars
Companies having multiple legal entities within the same tenant can have different fiscal year-end dates. Organizations can accelerate implementation; simplify maintenance for companies that share vendors, stock items, and employees; run consolidated operational reports at any time; and facilitate the preparation of consolidated financial statements.
Cross Company Sales
When companies within a tenant buy and sell services from one another, once an AR invoice is created in one company, the system can automatically create an AP bill in the corresponding Acumatica entity and link the documents together.
Restrict user access to customer or vendor records by branch or company for better security.