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.