General Ledger - Multi Company
Posted: Wed Nov 12, 2008 4:28 pm
Ron Lake started this by asking this question:
Hi David
Not sure how much input you “really“ want on v7 rewrite
But:
The GL and the lack of ability to consolidate across multiple legal entities is one reason we are losing potential sales
I believe you should give serious consideration to adding some kind of flexibility to the GL structure.
To which I replied:
Ron,
Yes, too much input can blur the result.
Yes multiple GL’s and a Consolidation mechanism with an elimination system has got to be available.
I also am going to try for varied lengths of accounts, that is you don’t need to go the full number of segments if it is not relevant, e.g. Balance Sheet vs. P&L with all the divisions loaded
I’d also like to see the ability to rearrange the periods a bit more, for when companies change their year end dates.
What do you call “flexibility†to the GL Structure?
David
To which Ron Replied:
Hi David
By flexibility I am thinking that if a database can be used for multiple companies maybe
It would mean the account structure could be set that the transaction itself saved the entity / division it related to. Not sure if this is too big of a change to your old logic
If so then the ability to add “segments†easily would be good
As another issue the ability to be able to relate debtors / creditors stock to an entity if multiple entities / divisions would be good.
Hi David
Not sure how much input you “really“ want on v7 rewrite
But:
The GL and the lack of ability to consolidate across multiple legal entities is one reason we are losing potential sales
I believe you should give serious consideration to adding some kind of flexibility to the GL structure.
To which I replied:
Ron,
Yes, too much input can blur the result.
Yes multiple GL’s and a Consolidation mechanism with an elimination system has got to be available.
I also am going to try for varied lengths of accounts, that is you don’t need to go the full number of segments if it is not relevant, e.g. Balance Sheet vs. P&L with all the divisions loaded
I’d also like to see the ability to rearrange the periods a bit more, for when companies change their year end dates.
What do you call “flexibility†to the GL Structure?
David
To which Ron Replied:
Hi David
By flexibility I am thinking that if a database can be used for multiple companies maybe
It would mean the account structure could be set that the transaction itself saved the entity / division it related to. Not sure if this is too big of a change to your old logic
If so then the ability to add “segments†easily would be good
As another issue the ability to be able to relate debtors / creditors stock to an entity if multiple entities / divisions would be good.