Determining When to Set Up Multiple Companies

Carefully think things over before setting up new companies in Costpoint.

If separate taxable entities exist that require different functional currencies, different levels of security, and/or different business rules, setting up a new company in the same database may be appropriate. You can use one of Deltek's Enterprise Tools designed specifically for consolidations and budgeting to consolidate the reporting of different companies that share the same database.

If your objective is only to enable separate reporting capabilities, do not create a new company. Instead, create the taxable entities within the same company and assign them to a unique organization. If the organizations used to assign the taxable entities roll up to the same top-level organization, you can get consolidated reporting without using Costpoint Consolidations.