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:
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Process transactions both within individual companies and across companies.
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Maintain enterprise-wide vendor data, with accounting-related settings maintained at the company level.
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Create consolidated reports that merge financial data for any combination of companies you wish, with automatic intercompany elimination entries.
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Configure the consolidated reporting rules to comply with Generally Accepted Accounting Principles (GAAP), International Accounting Standards (IAS), or another prevailing accounting standard.