The MYOB Exo Intercompany module provides reporting on a business’s consolidated accounts. It manages the consolidation of General Ledger from multiple entities using Exo.
Many businesses, regardless of size, operate several separate legal entities. This can be efficient for tax and other purposes, but can often require additional accounting and perhaps the need to involve external assistance from a business's accountant and/or auditor.
MYOB Exo's Intercompany module enables a business to consolidate its various entities into a single consolidated entity for the purposes of reporting. The consolidation process can happen as frequently as necessary to perform group-based reporting. The group company is treated as an entity in its own right, so all the General Ledger transactions and reporting functions are available.
The consolidated GL is treated as its own entity, giving full editing and reporting functionality. This can be scheduled as frequently as necessary so you always have accurate real-time data for decision making.
The module can consolidate most foreign subsidiaries running with the same financial balance dates. It will easily reconcile intercompany transactions, with controls ensuring correct postings are made each month. You can enter a creditor's invoice into the consolidated GL, and expense the value across the multiple transactional entities in percentage proportions. Have the system generate the required entries in each company from a single transaction.
Enprise took less than a month to implement MYOB Exo for stock exchange-listed company ikeGPS, delivering on time and under budget a project that also automated inter-company charging and warranty tracking. ikeGPS was looking for an integrated system that would deliver gains in multiple areas. Having reviewed various ERP accounting packages, they chose Enprise because it could deliver what ikeGPS needed and offered best value for money.
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