Multiple Branch Setup
Hi,
I would like to seek advice o the following scenario:
We are having 1 legal entity and 1 ledger. However, there are multiple branches created as Operating Units.
And inter branch transactions are very often, such as bank transfers from one branch to another, expenses charged to one branch, but eventually charged to another branch, collections received by Branch B, but actually
revenue of Branch A etc.
My question is: How will Branch A know that Branch B has made a transaction on his behalf and vise versa. Its actually inter branch transactions.
What is the recommended setup on this? My Chart of Accounts currently now has Company-Area/Branch-Department-Account.
I would like to seek advice o the following scenario:
We are having 1 legal entity and 1 ledger. However, there are multiple branches created as Operating Units.
And inter branch transactions are very often, such as bank transfers from one branch to another, expenses charged to one branch, but eventually charged to another branch, collections received by Branch B, but actually
revenue of Branch A etc.
My question is: How will Branch A know that Branch B has made a transaction on his behalf and vise versa. Its actually inter branch transactions.
What is the recommended setup on this? My Chart of Accounts currently now has Company-Area/Branch-Department-Account.
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