With abas ERP’s multiple company accounting features, you can run as many 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.
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.
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.
Independent companies can sometimes mean different fiscal year-end closing dates too, which can be difficult or impossible to deal with in many ERP systems. But abas ERP makes this easy by handling the various fiscal year ends automatically.
Finished with your month-end close and want to send the numbers to corporate? With abas ERP, this takes just a single click. Export the data and it stays within abas, allowing for an equally simple import on the other end.
abas’ multiple company accounting functionality also automates the accounting for inter-company sales and cost-of-goods-sold eliminations between sister companies, simplifying these transactions.
