Accounting and Multiple Companies
Use multiple companies to support complex multiple company accounting operations by balancing your need for company-specific financial controls and processing operations with your need for easy enterprise-wide financial consolidation.
When you track multiple companies in DPS, you can:
- Process transactions both within individual companies and across companies.
- Maintain enterprise-wide vendor data, with accounting-related settings maintained at the company level.
- Create consolidated reports that merge financial data for any combination of companies you wish, with automatic intercompany elimination entries.
- Configure the consolidated reporting rules to comply with Generally Accepted Accounting Principles (GAAP), International Accounting Standards (IAS), or another prevailing accounting standard.