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? Example: 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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