Reviewing other existing setups for multi-company

To report on intercompany accounts as a group, add an account group for the Intercompany Due From, Intercompany Due To, and Intercompany Other Income accounts.

Existing bank account setups link to the organization.

Change or set up bank accounts for each company. You can link a bank account setup to only one company.

Enter and reconcile beginning balances for each new company.

Enter budgets for each new company.

Change the descriptions, enter IDs, or select account groups for the Intercompany Due From, Intercompany Due To, and Intercompany Other Income accounts.

All companies share the same chart of accounts.

Change or set up clients for your companies. You can leave the Company field blank so that your companies can share clients.

Change or set up contacts for your companies. You can leave the Company field blank so that your companies can share contacts.

Change or set up departments for your companies.

Existing employee setups link to the organization.

Change or set up employees for your companies. You can link an employee setup to only one company.

If an employee works for more than one company in your organization, create an employee setup for each company. Contact your Ajera consultant to confirm that this is the best approach for your organization.

Change or set up overhead groups for your companies.

If you process payroll in-house, change or set up state disability insurance (SDI) or state unemployment insurance (SUI) tax rates for each company, if needed.

When you link an SDI or SUI tax to a specific company in your organization, Ajera uses this tax rate when you run payroll for this company. If no SDI or SUI tax is linked to the company, Ajera then uses the tax rate from the tax setup where the Company field is blank.

Change or set up projects for each company. Existing project setups link to the organization.

You can link a project setup to only one company. If more than one company in your organization works on a project, either create a project setup for each company (if each company works on a separate and distinct part of the project, such as different phases) or set up the other companies as vendors. Contact your Ajera consultant to determine which is the best approach for your organization.

Change or set up project templates for your companies

Set up recurring journal entries for your companies.

Set up recurring vendor invoices for your companies.