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Evo-ERP and DBA Classic >> Accounting >> Consolidated Financials
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Message started by Joyce U. on 10/21/03 at 12:22:19

Title: Consolidated Financials
Post by Joyce U. on 10/21/03 at 12:22:19

We have added a new company to our system which is basically a separate division and will have its own financial statements, but we will consolidate the two companies each month for corporate financials.

Does anyone have any pointers or heads up for me to watch out for in setting up the two companies so that the consolidations run smoothly?

Also, does anyone have any suggestions for intercompany transfers of costs? I've found in other companies that billing between divisions is the best audit trail. Would this hold true for DBA?

We will have employees who are working both divisions and labor needs to be charged accordingly. Any suggestions there?

Thanks!