Multi-Entity & Intercompany Accounting
Squash errors and inaccuracies in financial statements, and streamline accounting and reporting across multiple entities
Simplify the complexity of multi-entity and intercompany accounting with MYOB Acumatica
Automated intercompany transactions, real-time consolidation reports, and one view across all related companies with centralised cash, supplier and customer management.
Multi-Entity & Intercompany Tools
✓ Company-Based Reporting
Maintain individual ledgers for each company. You can eliminate intercompany transactions automatically when reporting across multiple companies.
✓ Account-Based Controls
Reduce potential errors by allowing intercompany transactions only for specific accounts.
✓ Company & Branch
Navigate between companies and branches that represent separate legal entities, as well as companies with branches that exist within the same legal entity.
✓ Account Allocations
Allocate accounting transactions among companies for shared activities. Perform allocations automatically according to pre-set definitions.
✓ Centralised Purchasing
Let companies purchase goods and services that are approved and paid for by other companies. Generate profitability reports that reflect the purchase at the company level.
✓ Company Bank Accounts
Link bank accounts to specific companies for their exclusive use. Assign cash accounts to specific companies in the Cash Management module.
✓ Asset Transfers
Assign and track fixed assets to specific companies in the Fixed Asset Management module. Transfer assets and bring depreciation and purchase history to the receiving company.
✓ Cross Company Sales
Support cross company sales. When companies within a tenant buy and sell services from one another, once an AR invoice is created in one company, the system can automatically create an AP bill in the corresponding MYOB Acumatica entity and link the documents together.
✓ Centralised Invoicing
Initiate sales orders from one company that are invoiced and collected by a centralised accounting team from a different company.
✓ Company Financial Periods
Manage financial periods separately for each company. Activate and deactivate financial periods for posting for a particular company, and close books separately in each company within the tenant.
✓ Different Financial Calendars
Manage various financial calendars. Companies that have multiple legal entities within the same tenant can have different fiscal year-end dates. Accelerate implementation, simplify maintenance for companies that share suppliers and employees, and facilitate the preparation of consolidated financial statements.
✓ Security & Restricted Access
Create roles and groups of users that have access to specific companies and the associated transactions. Add users in seconds and maintain an audit trail of user activities. Restrict user access to customer or vendor records by branch or company for better security.