Intercompany Accounting

Intercompany Accounting

Acumatica Cloud ERP allows you to monitor, manage, and create reports across multiple subsidiaries or functional groups within your organization.

View Datasheet

Define Multiple Organizations

Bills and Adjustments

Highlighted Features

  • ENTITY-BASED REPORTING: Individual ledgers are maintained for each organizational entity. Intercompany transactions are automatically eliminated when reporting across multiple organizations.
  • CENTRALIZED PAYMENTS: Organizations can purchase goods and services that are approved and paid by other organizations. Profitability reports reflect the purchase at the organizational level.
  • CENTRALIZED INVOICING: Sales orders can be initiated from one organization, but invoiced and collected by a centralized accounting team from a different organization.
  • INVENTORY ASSIGNMENT: Assign warehouses and inventory to specific organizations. Inventory transfers initiate inter-company transfers to preserve organizational level reporting.
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For several years, our company tried to cost justify a barcoding and scanning solution to replace the labor-intensive efforts we were experiencing taking quarterly physical inventories at all of our distribution centers. After searching and analyzing many available solutions, we were pleasantly surprised when Advanced Business Software Corporation approached us with a custom solution utilizing their position as resellers of Psion Teklogix, a provider of rugged handheld scanners combined with the expertise of the programming group from Advanced Business Software that would allow us to achieve this goal and do it cost effectively. I can state with confidence that our partnership with Advanced Business Software and Psion Teklogix has met our expectations and provided a substantial return on investment to the Dixie Plywood Companies.

IT Director, Dixie Plywood Companies

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