Dear All,


I have an organisation who will very soon be moving their 3 independent
company environments (BPCS version 6.1.02 - soon to move to ERP Lx) to one
environment with shared financial services.

The company will move to one chart of accounts, currently they have three
charts of accounts.

Each division / company will have their own ledger, and an intercompany
account set up for the other divisions / companies.


When consolidating these ledgers at month end, will these various
inter-company accounts net off automatically?



Group HO

Company A

Company B

Company A and B will consolidate ledgers at month end up to Group HO.

Both A & B may owe Group HO money for shared services, loan accounts, rent
of premises.

Company A may incur a cost on behalf of Company B, and visa versa.

There may well be rebates and commissions owed between the two companies,
and to / from Group HO.


Would one still have to pass manual journals to clear / net these three
accounts, or will the consolidation process do this automatically?


Many thanks.


Kind regards,

Kathy Hart

ROI Technologies

Office tel. (011) 476-8817

Office fax. (011) 476-7370

Cell no. 082 856 5543


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