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Multi-Entry Accounting And Eliminations

Infor SyteLine ERP's Multi-Entity Accounting automates inter-company financial transactions and reconciliations for inter-company sales and purchasing and allows for centralized or decentralized accounts payable and accounts receivable. General Ledger Accounts automatically capture Inter-company Sales, Cost of Sales, Profit, Due-to, and Due-from and allow elimination of these and the inter-company profit in inventory when financials are consolidated.

Sites can select whether to share Customer Masters and Vendor Masters or each site can maintain its own. Additionally, any company can pay AP invoices of any other company and the due-to and due-from transactions are automatically created. Likewise, any company can post AR payments for invoices that were generated by another company and the due-to and due-from transactions are automatically created. The balances in these accounts are then eliminated in consolidation.

Cross-site journal entries may be created in one site and distributed across multiple sites. This enables companies that allocate charges across multiple companies to easily create journal entries in one journal and have the system post them to the appropriate sites.

Infor ERP SyteLine: A/R Posted Transactions Summary

Multi-Entity Accounting and Eliminations Screenshot