Operate each company independently, report together
Multiple company accounting most often comes into play when there are multiple child companies or plants operating independently of each other, with one corporate office that needs to see consolidated reporting across all of their entities, such as monthly P&L statements. While many ERP software packages require the use of spreadsheet programs and manual labor to make this possible, abas ERP makes it easy with our multiple company accounting function. Data can be exported and imported seamlessly from child to parent companies all while staying within the abas ERP environment.
Security you can trust
In the situation where data from multiple child companies must remain separate and secure, abas’ multiple company accounting allows for consolidated reporting at the corporate level while maintaining the independence and privacy of the child companies.
Consolidate reports, even across currencies
In many cases, organizations have companies in multiple countries, which means they’re likely doing business in multiple currencies. abas supports different currencies for each child company and automatically handles the currency exchange rates for the consolidated reporting.