Sage 300 Intercompany Transactions allows entering of General Ledger and Accounts Payable transactions that affect more than one company by automatically distributing transactions across them.
In addition, its built-in flexibility automatically generates intercompany loan account entries according to user-defined relationship tables called routes. Intercompany Transactions simplifies and significantly reduces the amount of work required for intercompany accounting.
Intercompany Transactions Capabilities:
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Process intercompany General Ledger journal entries and intercompany Accounts Payable invoices, debit notes, and credit notes.
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Create an unlimited number of routes to define relationships between companies, including multilevel routes.
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Automatically make loan account entries for intercompany transactions and distribute invoices to as many General Ledger accounts as required by defining distribution sets.
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Fully integrate with Tax Services to handle tax computations for expensed, allocated, or recoverable taxes.
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Enter transaction references and descriptions to provide a detailed audit trail for reconciliation purposes.
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Print an intercompany loan account reconciliation report to identify loan accounts that do not agree.
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Process multicurrency transactions in Intercompany Transactions, General Ledger, and Accounts Payable*.
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Distribute transactions to companies with differing functional currencies*.
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Create routes with originating companies, intermediate companies, and destination companies having different functional currencies*.
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Process multicurrency transactions for multicurrency or single-currency intermediate and destination companies*.
Standard Reports included:
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Invoice Batch Listing.
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Invoice Batch Status.
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Loan Account Reconciliation.
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Route Listing Report.
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Unposted Invoice Batches.
*Available with the add-on Multicurrency module.
Call us at +65 6334 0388 for more information.