Acumatica Consolidation
Consolidate accounts from different subsidiaries
Acumatica provides a web-based ERP solution with integrated CRM and document sharing capabilities. You can get Acumatica as a subscription (SaaS) or purchase the license, and switch between both as you need. With Acumatica, you can provide integrated financial reporting and business analysis across all your affiliated companies and subsidiaries from a single, centralized system. Worldwide access and strict access controls allow everybody to perform their specific role in the consolidation process without gaining access to confidential data.
Consolidation Overview
Acumatica combines data from multiple subsidaries and business interests to create a single, global view of your business.
- Individual subsidaries and business interests close their books for the period and perform currency translations (if necessary).
- The Parent company imports data using predefined mappings for accounts and subaccounts.
- The Parent company adjusts for intra-group transfers and minority equity positions before creating business and financial reports using the consolidated ledger.
Key Benefits
Team Approach
Provide global access and participation with web-based tools. Server-based pricing allows you to involve everybody without per user fees.
Flexible Accounts and Subaccounts
Import data from sources with different account values and field sizes using flexible account mapping.
Multiple Currencies
Currency translation features allow consolidation of international subsidiaries.
Security and Compliance
Strict access security allows you grant each entity access to specific reports, accounts, ledgers, and documents.
Reminders and Workflow
Ensure timely reporting by assigning tasks and setting reminders.