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 Vantagepoint, 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.
- Related Topics:
- Revenue Generation and Multiple Companies
When you track multiple companies in Vantagepoint, you set up Revenue Generation separately for each of the companies in your enterprise. When you run Revenue Generation, it processes the revenue calculations for only one company at a time. - Accounts Payable and Multiple Companies
When you track multiple companies in Vantagepoint, vendors are set up at the enterprise level, but individual companies still manage their own vendor accounting information. - Overhead Allocation and Multiple Companies
When you process Overhead Allocation in the Accounting application, Vantagepoint allocates overhead for the active company.
Parent Topic: Multiple Companies