Accounting and Multicompany

The Multicompany feature supports complex multicompany accounting operations by balancing your need for company-specific financial controls and processing operations with your need for easy enterprise-wide financial consolidation.

The Multicompany feature makes it possible for you to do the following:

  • 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 Multicompany
    If you use the Multicompany feature, you enable and 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 Multicompany
    When you use the Multicompany feature, vendors are set up at the enterprise level, but individual companies still manage their own vendor accounting information.
  • Overhead Allocation and Multicompany
    When you process Overhead Allocation, Vision allocates overhead for the active company. To process Overhead Allocation for another company, use the Change Company utility to switch to a different company.
Parent Topic: Multicompany Overview