Sage Intacct Global Consolidations
Being a multi-location organisation comes with issues and complexities such as decentralised payables, multiple currencies, global consolidations and more. But Sage Intacct can easily tackle these problems by automating financial consolidation activities like inter-entity transactions, currency conversions and local tax reporting. By reducing manual input and effort, you can close your books up to 70% faster and leave time to concentrate on growing your business.
Multi-entity journaled consolidations allow you to close much quicker. Gain granular visibility with currency impacts and eliminations so that postconsolidation adjustments are simple. Inter-company eliminations can be automated and interim summary figures can be viewed in real-time whenever you need, so you can close the books faster than ever before. Sage Intacct uses accurate and up to date exchange rates to meet your multi-currency needs, automatically balancing any inter-entity transactions across all entities with multiple base currencies. Plus, ASC 830/FAS-52 compliance lets you create cumulative translation adjustments.
Entity and inter-entity setup is made simple, with the ability to add configurable rules around inter-entity transactions, bank accounts and more to new entities. Everything is in one place, enabling you to easily set up and manage inter-entity relationships. New entities can also inherit existing lists, charts of accounts and process definitions for maximum flexibility, or you can create new unique definitions. Payables and receivables are centralised, or you can use entity-specific general ledger accounts, whatever works best for you.
Book a demo today to learn more about Sage Intacct's multi-entity consolidations.