Multiple Company
Expandable MULTIPLE COMPANY maintains the information required to control multiple company financial activities and provides functions to enter and control inter-company journal vouchers and create multiple company financial comparisons.
The Expandable Multiple Company system is closely integrated with the General Ledger function.
The GL CONSOLIDATION utility consolidates financial data from multiple databases and different currencies. The utility consolidates data to a separate database or into your primary Expandable database.
MODULE FEATURES
Company Parameter Maintenance
- Key financial system parameters for each company
- Default department/account numbers
- Overrides system-wide manufacturing/ financial parameters
Inter-company Journal Vouchers
- Manual Journal Voucher entry
- Recurring/standard journals
- Automatic reversing option
- Skeleton/template journals
Impact on Other Systems
- General Ledger account editing includes company + department + account
Accounts Payable
- Vouchers controlled by company
- Distributions to one or many companies on one voucher with automatic offsetting inter-company entries
- Automatic inter-company transfers
Sales Orders
- Customer master carries customer’s default company, sales department, sales account
- Company control for each Sales Order detail line
Accounts Receivable
- Invoice controlled by company
- Invoice distributions to one or many companies
- Automatic inter-company transfersInventory Control
- Company control by storeroom
Purchasing
- Vendor master carries vendor’s default company, expense department, expense account
- Company control for each
- Purchase Order detail line
Job Scheduling/Costing
- Company control via storeroom
GL Consolidation
- Source Database
- Status
- Data Source Name
- Database
- Destination Database
- Status
- Data Source Name
- Database
- Fiscal Period
- GL Year
- GL Month
- Company ID
- Rates
- Month End Rate
- Period Average Rate
- Historical Rate 1
- Historical Rate 2
- Gain/loss
- Department
Set attributes for subsidiaries using the Multiple Company Parameter Editor