Toll Free: 1-888-337-8746
Phone Number: 905-337-7233
Inter Entity Transactions
Inter Entity Transactions facilitates doing business and transferring funds between entities. Entities can include branches, divisions, departments, funds, projects, trusts or multiple companies held within one or across Accpac databases.
Inter Entity Transactions increases the accuracy of your financial data, streamlines business processes and provides tight control over transactions spanning multiple entities. The due to and due from transactions are automatically generated and complex routes can be followed when there are no direct inter entity account relationships between the transacting entities.
Detailed reports and processes ensure entities balance at all times, increasing the timeliness and accuracy of information whilst saving keystrokes! The Inter Entity Processing module will ensure that each entity stays in balance and will work on all General Ledger transactions regardless of whether they originated from any subsidiary ledger, the General Ledger, a third party module or an external system which has created General Ledger batches.
The module is well suited to non-profit organizations with Fund Accounting requirements and any organization with loan accounts which should mirror each other as a result of inter department, inter branch, inter divisional or inter company processing requirements within one or across Accpac Databases.
The Benefits of Inter Entity Transactions: