abas inter-company functionality enables the automated flow of transactions between one company of an entity and another company of the same entity. While these transactions can occur for a variety of reasons, they often occur as a result of the normal business relationships that exist between these companies.
Allows for an automated exchange of financial transactions to occur between two separate companies of the same entity.
Optimizes your financial inventory and costs based on changes in supply and demand.
Inter-company transactions between organizations typically enable the sale/purchase of inventory among the companies to take advantage of changes in demand and supply across locations, and optimize inventory and costs. An inter-company transaction in abas is recognized in the financial records of both units of the entity as if it were an arm’s-length transaction with an unrelated party.
abas also provides for inter-company eliminations, the removal of transactions between companies that were included in a group during the preparation of consolidated accounts. The process of inter-company elimination is helpful in managing eliminations of operations among companies within a single group. Inter-company eliminations encourage and establish controls in multifaceted corporate environments.
Inter-company transactions can also include centralized services for accounts receivable, accounts payable, allocation of overheads and other support costs.
