Acumatica Can Improve Inter-Company Accounting

Acumatica is more than a strong ERP software. It can also help your companies communicate more effectively, especially in the case of multiple subsidiaries or companies working together under one corporate umbrella.

Mergers, acquisitions, and subsidiaries present unique challenges when it comes to accounting and managing data. These complexities can be easily handled through Acumatica.

Acumatica offers powerful enterprise resource planning (ERP) solutions in one cloud-based application. Recently, Acumatica won the SIIA Net Codie Award for Best Cloud-Based ERP.

With Growth Comes Challenges

As your company grows, it faces and overcomes new challenges. New markets, rules, regulations, languages, employees standards, and more add increasingly complex levels to any company. Accounting needs also change over time. As additional companies are added under the main corporation, you may have an increasing number of questions. Do you keep separate balance sheets for each entity? If so, how do you reconcile them back to the parent company’s ledgers?

The answer to these questions may lie in the software chosen to manage your operations, finance, and accounting. Acumatica includes functions such as financial management, distribution management, customer relationship management (CRM), project accounting, manufacturing, field service, and more. This powerful cloud-based suite can handle company growth with ease, expanding to add ever-increasing layers of complexity, subsidiaries, and more. 

Reconcile and Add Companies Now

It’s tempting to wait to reconcile the accounting among your companies, especially if they are difficult to work with as a group. However, waiting can cause problems. Warehouse, inventory, supply chain, sales, marketing, and operations areas must be reconciled quickly so inventory and cash positions accurately reflect reality.

Everyone in your organization needs accurate data. If you wait too long to add the subsidiary companies to your system, the data may be outdated. Mistakes can creep into the data. Decisions may be made on erroneous information.

The right software can get you off to a strong start without the wait. Acumatica ERP is cloud-based, so data is synchronized in real time. There is no need for manual reconciliation and no waiting time. No delays mean information can be used immediately for better business decisions. Inventory, cash, accounts payable and receivable are all updated simultaneously when you use a single system for financial management. 

Save Time with the Right System

Spreadsheets are tempting. They’re available on any computer and are easy to use. But, spreadsheets can be more trouble than they are worth. As you build a spreadsheet, it’s prone to errors. It’s also difficult to reconcile on a timely basis and instant, up to the minute updates are nearly impossible.

That’s where an ERP system comes in handy. Acumatica cloud-based ERP updates automatically so that the data it receives at 1 pm on Tuesday in one office is available almost instantaneously throughout the system. No matter who is looking at the data or where they are accessing it from, it will be synchronized with all points in the company using Acumatica, so you’re all using the same data from which to base your decisions.

Acumatica cloud ERP is an excellent choice if you need a robust accounting, financial management, and business operating system. When you’re merging multiple companies together or working with subsidiaries, it offers the flexibility and smarts you need.

Emerald TC

Emerald TC offers a team of certified consultants, CPAs, and master developers to help you build your business, choose the right software, and grow your revenues. Sage HRMS, Sage ERP, Acumatica ERP and other products are available to improve productivity and enhance your business. Contact Emerald TC today for more information. 678-456-6919.

Scroll to Top
Skip to content