Business Management Software
MYOB EXO Inter-Company ConsolidationConsolidate and report on group accounts
MYOB EXO Inter-company consolidation provides reporting on the group’s consolidated accounts. It manages the consolidation of General Ledger from multiple entities using EXO.
Simultaneous running of multiple entities on one server. Users who have security clearance can reside across multiple entities simultaneously.
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. 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 & 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.
Download the MYOB EXO Inter-Company Module Factsheet (PDF 216KB)