Multi Company Accounting

Multi-company accounting in Zeldesk provides you the capability by setting up multiple companies in one database, run processes, close books, and report results by individual or consolidated company.

Why Multi Company Accounting?

As Business become more geographically distributed - whether they are in the same city or in different continents - you must have the ability to create and manage business-to-business financial transactions and reports. Multi-Company accounting provides you the ability to set up multiple companies in a database, run processes, close books, and report results by company or in a consolidated company.

Zeldesk accounting is a true multi-company accounting system that provides simple, automatic and streamlined intercompany processing across all modules. You do not have to "switch" to another company database, you simply choose the company or companies for which the transaction is made. Suppliers and customers are shared between companies. So you do not have the tedious task of grabbing them again for each company.
Creating a journal entry for multi-company / intercompany processing is simply to enter the account of each company / fund / entity for which the transaction is being performed. If the journal entries are balanced in and between companies, the system saves it as being ready to be recorded. If the multi-company journal entry requires intercompany balancing entries, it can automatically generate them for you.

Managing financial transactions with ease.

Managing financial transactions and reports is no easy task; but when doing it across multiple companies it becomes exponentially more difficult. With Zeldesk , you can easily access centralized financial, inventory, and customer information. Also, you can easily analyse data from one or multiple companies. With Zeldesk, you can subscribe for multiple companies as you need to, completely isolated, with separate logins and security - all from a single database. This allows you to consolidate financial and operational reporting without using Excel to combine reports.

Security

In situations where data from several subsidiary companies must remain separate and secure, Zeldesk multiple accounting system enables consolidated corporate reports to be generated while preserving corporate independence and confidentiality of subsidiary companies

Flexibility

Access information from any source at any time. You will have a profound insight of balance sheets and will be able to drill down for more details.

Company set-up made simple:

With our accounting software for multiple companies, you can configure new entities inherit your existing lists, process definitions, and chart of accounts. Or you can easily configure each new entity with unique definitions. Centralize receivables and payments as well.

Role based access

Protect your business with user-defined security and determine what permissions/access each profile will have for each entity.

Inter-Company Transactions

  • Zeldesk inter-company functionality allows two companies of the same entity to have an automated flow of transactions.
  • This functionality not only builds better business relationships but also streamlines costs based on changes in supply and demand.
  • Automatic data synchronization allows for easy data replication, saving time and reducing errors.

KEY BENEFITS

  • Security: In situations where data from several subsidiary companies must remain separate and secure, Zeldesk multiple accounting system enables consolidated corporate reports to be generated while preserving corporate independence and confidentiality of subsidiary companies.
  • Role based access: Protect your business with user-defined security and determine what permissions/access each profile will have for each entity.
  • Flexibility: Access information from any source at any time. You will have a profound insight of balance sheets and will be able to drill down for more
  • Company set-up made simple: With our accounting software for multiple companies, you can configure new entities inherit your existing lists, process definitions, and chart of accounts. Or you can easily configure each new entity with unique definitions. Centralize receivables and payments as well.
  • 360° View of the Company: Enhance accessibility and collaboration with our flexible financial and business reporting.
  • Support Multiple Currencies and Companies: Go global and grow without limits with easy multi-currency and multi-company management tool.

Financial Consolidation

The financial consolidations functionality in ZELDESK allows you to easily combine reporting for several entities, providing you a complete picture of your financial and operational data in one place.We've integrated controls directly into our enterprise planning cloud to help you audit your data and track your closing. You can easily determine who changed the values and formulas, and when they were changed, with date and time timestamps, and even display old and new values. Our clear, centralized view of all users, their roles and permissions allows you to stay in touch with your compliance initiatives.

Group Data Exchange Made Easy

Zeldesk accounting module lets you combine, analyze, and report across multiple divisions, companies, and countries within your organization. You can strengthen business collaboration, integrate systems, and use business intelligence to consolidate financial information across multiple organizations. Multi-enterprise accounting in Zeldesk allows multiple businesses to share centralized data, making invoicing and reporting easier. It offers simple, automatic and streamlined intercompany processing across all modules and natively supports virtually any number of businesses within a single database. In addition, Zeldesk’s multi-company accounting system can provide easy access to inventory, customer data, documents, sites, etc. in a company and, with just a few keystrokes. Companies can keep their database and financial data in separate entities while enjoying ease of access.

Efficient, Flexible Multi-Company Reporting

Get custom, accurate financial reports, regardless of your company’s complexity. With Zeldesk customizable financial reporting, users can tailor accounts to fit any set of regulations. And you can easily switch between companies and local account views for real-time data insights.

Managing Intercompany transactions efficiently

Centralize purchasing and invoicing through integrated Accounts Payable, Accounts Receivable and Sales Order. Purchase items and create sales orders can be created in other companies only with appropriate approvals. Zeldesk Accounting module allows you to track financial statements and generate separate reports for related businesses within your organization. The related companies share the chart of accounts, calendar, currencies and non-financial data. Related companies can also be called branches. The system will automatically create timelines for intercompany transactions to keep your accounts in balance and your consolidated reports will accurately reflect the overall results of the company.

Frequently Asked Questions

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in

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