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Multiple Company Accounting

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.

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Multiple Company Accounting in abas ERP

Benefits

Independent operations:
In abas each of your companies can be run in a separate, secure way.
Centralized reporting:
Financial reporting can be rolled up centrally -- even when different year-end closes or currencies are in play -- with easy exporting and importing.
Security:
Rest assured that each company’s data can only be seen by the centralized “parent” company, not by other peer companies.
Simplicity:
Managing finances for multiple companies can be complex, but abas ERP makes it easy with single click importing and exporting, consolidated reporting, and automation of transactions between companies.
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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.

Reporting that works, even with various year-end close dates

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.
 

One-click exports and imports

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.
 

Automated inter-company sales

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.

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