Multi Company Accounting

Multi-company accounting in Zeldesk is a business accounting software with Multi-currency accounting management expertise. It manages unlimited or multiple companies, currencies and tax compliances all over the world in one database.

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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 is competent in managing data related to finances for different companies located around the world and enables them to share centralized data which provides easy access to all reports and informations.

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. Multi-company accounting is competent in managing data related to finances for different companies located around the world and enables them to share centralized data which provides easy access to all reports and informations.

Managing financial transactions with ease.

Managing financial transactions and reports are tedious tasks. And these tasks become more difficult when doing it with multiple companies with different locations. With Zeldesk, business processes and data management becomes systematized and simplified. You can comfortably access customer information and analyse financial data and inventory of multiple companies using the centralized database. Zeldesk allows registration of multiple companies as needed and create separate logins and security all comes from single database. This eliminates using excel application just to combine reports in consolidating financial and operational 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. You can also configure each new entity with distinctive definitions conveniently and receivables and payments can be integrated as well.

Role based access

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

Intercompany 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.

Zeldesk’s financial consolidation feature enables you to merge reports for numerous entities to produce a comprehensive visibility 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.

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. Furthermore, with just a few clicks, other company data can be easily access in Zeldesk’s multi-company accounting such as inventory, customer data, documents and sites. It is a solution that makes it easy to create, collect, and utilize data for multiple tasks at the same time.Companies can keep their database and financial data in separate entities while enjoying ease of access.

Zeldesk is a flexible multi-company solution which adapts with your company needs regardless of its complexities. With Zeldesk customizable financial reporting, users can tailor accounts to fit any set of regulations. Viewing of real-time data between companies and local accounts are made easy for brilliant financial insights.

  • 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.

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

Multi-company affects nearly every aspect of Application, requiring a slightly different workflow than a single company. In general, your firm can choose multi-company if it contains Individual companies that require:

  • Separate balance sheets
  • Separate federal tax IDs
  • Separate tax returns

Multi-company accounting enables you to set up multiple companies and manage them in a single database. Data of multiple companies are being combined to run processes, close books, and generate reports. Company information and data from all business areas, suppliers and customers are centralized which eliminates tedious tasks of creating, collecting and utilizing data for each company. It automatically provides inter-company balancing entries should the multi-company journal requires for it.

When you choose multi companies in Zeldesk it set up multiple companies in a database, run processes, close books, and report results by company or in a consolidated company.

Yes, you can generate financial reports per company in Zeldesk, from that you can determine the profit and loss per company

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