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HEADLINE:   What's new in Sage 300 2018 Product Update 2...   Read More . . .

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.

intercompany transactionsIn 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:

  • Process intercompany General Ledger journal entries and intercompany Accounts Payable invoices, debit notes, and credit notes.
  • Create an unlimited number of routes to define relationships between companies, including multilevel routes.
  • Automatically make loan account entries for intercompany transactions and distribute invoices to as many General Ledger accounts as required by defining distribution sets.
  • Fully integrate with Tax Services to handle tax computations for expensed, allocated, or recoverable taxes.
  • Enter transaction references and descriptions to provide a detailed audit trail for reconciliation purposes.
  • Print an intercompany loan account reconciliation report to identify loan accounts that do not agree.
  • Process multicurrency transactions in Intercompany Transactions, General Ledger, and Accounts Payable*.
  • Distribute transactions to companies with differing functional currencies*.
  • Create routes with originating companies, intermediate companies, and destination companies having different functional currencies*.
  • Process multicurrency transactions for multicurrency or single-currency intermediate and destination companies*.

 

Standard Reports included:

  • Invoice Batch Listing.
  • Invoice Batch Status.
  • Loan Account Reconciliation.
  • Route Listing Report.
  • Unposted Invoice Batches.

*Available with the add-on Multicurrency module.

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