The Oakley ERP Blog

Sage 300 Add on of the month – Inter Entity Transactions
Thursday May 15, 2014

Sage 300 ERP (formerly Accpac) includes an Intercompany Transactions module, which enables you to run transactions through the GL only. However if you need to look at AR and AP transactions then your Sage 300 system could really benefit from the Inter Entity Transactions Module.

Inter Entity Transactions is an approved Sage developer add on which enables you to automatically trigger additional transactions (GL, AR and AP) to automate complex Inter Entity Transactions.

The main purpose of the module is to help streamline the process of doing business and transferring funds in Sage 300 between your entities. An entity might be a branch, division, department, project or multiple companies.

The detailed reports and processes ensure your entities balance at all times and increases the overall accuracy of your data, while also reducing the number of keystrokes required. Inter Entity Transactions ensures each entity stays in balance and works on all GL transactions whether they originate from a subsidiary ledger, the General Ledger or a third party system.

Benefits

- Accuracy of financial data.

- Streamlines Business processes.

- Complex routes can be followed.

- Automatic due to and due from transactions.

- Keep each entity in balance.

Inter Entity Cash Management

Inter Entity Cash Management is particularly useful for organisations that have multiple entities and bank accounts. If you need to transfer funds between accounts then Cash Management is ideal to help automate the process. It will save the hassle of having to duplicate entries across your companies. All transactions are routed via the predefined Inter Company loan accounts so they are kept in balance automatically.

AR Receipts across companies

- Allocate a receipt to a customer in one company and have the receipt go into a bank account in another company.

- Bank a receipt into a bank account in one company and allocate it against AR transactions which originated in other companies.

- Allocate a miscellaneous receipt to GL accounts in one or more companies whilst receipting the funds into a bank account in another company.

- Combined AR Trial balance across multiple companies.

AP Payments across companies

- Process a payment against a vendor in one company and have the payment come out of a bank account in another company.

- Process an AP payment out of a bank account in one company and allocate it against AP transactions which originated in other companies.

- Allocate a miscellaneous payment to GL accounts in one or more companies whilst drawing the funds from a bank account in another company.

- Combined AR Trial balance across multiple companies.

If you would like to find out more about Inter Entity or would like to add the solution to your Sage 300 system contact us on 01268 724005 or email sales@o-net.co.uk

Written by David Weaver at 00:00

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