Acumatica Inter Company Accounting

Acumatica Cloud ERP

Automate financial reporting, inventory transfers, vendor payments, cash management, and inter-company transfers across multiple related companies

With Acumatica’s Inter-Company Accounting module, you can track financials and create reports separately for an unlimited number of related companies within your organization. The system will automatically create due-from and due-to entries for inter-company transactions so your accounts stay in balance, and your consolidated reports accurately reflect company-wide results. Inter-Company Accounting is integrated with the Financial Suite, Distribution Suite, and Project Accounting.

Key Features of Inter-Company Accounting:

  • Company based reporting – Individual ledgers are maintained for each company. Inter-company transactions can be automatically eliminated when reporting across multiple companies.
  • Centralized payments – Companies can purchase goods and services that are approved and paid by other companies. Profitability reports reflect the purchase at the company level.
  • Centralized invoicing – Sales orders can be initiated from one company but invoiced and collected by a centralized accounting team from a different company.
  • Inventory assignment – Assign warehouses and inventory to specific companies. Inventory transfers initiate inter-company transfers to preserve company-level reporting.

Key Benefits

\

Centralized Accounting

Reduce overhead by centralizing accounting functions such as cash management, vendor payments, and customer invoicing in a single company. Income and expenses are attributed to the company that initiated the transaction.

\

Customized Reports and Inquiries

Deliver customized reports across one, many, or all companies with integrated query and reporting tools. Financial reporting tools eliminate inter-company transactions on company-wide reports.

\

Simplified Maintenance

Reduce setup time and provide a centralized view of transactions – related companies share vendor and customer records.

\

Accessible From Anywhere

The Cloud makes it easy to manage financials and distribute reports across companies in different geographical locations. Remote users can access the system using any browser-enabled device.

Questions about Acumatica? Ask Us!