Ability to initiate transactions between companies in any GP module
Supports bank transfers between companies than are available in the GP Checkbook
Superior drill-back capability
Automatically void transactions between companies
Automatically post transactions between companies
Easy, flexible setup
Includes full audit trail with drill-down capabilities
Supports multi-currency
Supports differing account formats
Enables postings between different companies, the same company, and remote companies
Why Use Intercompany Postings?
Nolan Business Solutions’ Intercompany Postings solution simplifies the intercompany process, reduces errors and saves countless hours of manual entries and reconciliations. Users are able to quickly and easily post transactions between different companies and different accounts within Microsoft Dynamics GP. You’ll never again have to worry that an offsetting batch was deleted. With Nolan’s Intercompany Postings, the transaction is automatically carried through where needed.
What types of Intercompany Transactions are Supported?
Intercompany Postings supports transactions in any currency, and even handles the source and destination companies having different functional currencies. Accounts also can be in differing account formats. Once an intercompany transaction is posted, all the details are sent to the destination company. The destination company can be:
a different company on the same system,
the same as the source company (intra-company posting), or even
a company on a remote site with a different system.
Account-based vs. Transaction-based Intercompany Transfers
There are two ways to create an intercompany transaction. Automated account-based intercompany posting (the Trigger Method) works for all Microsoft Dynamics GP modules including Purchase Order Processing (POP), Payroll and Sales Order Processing (SOP). During the setup, you select the ranges of accounts that trigger inter-company postings. As all the trigger and posting accounts are pre-defined, the process is seamless and transparent. The user simply has to choose the right account numbers.
The alternative is to specify the intercompany transaction on the transaction itself. This setup requires more decision-making by the user, but keeps a smaller chart of accounts. This transaction-based intercompany posting method (the Alternate Method), is available for General Ledger Transactions, Payable Transactions, Receivable Transactions, Bank Transactions and Bank Transfers. For a comparison of the two ways to create inter-company transactions see the Intercompany Features page.
Auditing and Reporting
Nolan Business Solutions Intercompany Posting takes advantage of the functionality of Microsoft Dynamics GP. You can report on or drill into intercompany postings in the same way you can pull any information from Microsoft Dynamics GP. If the transaction is on the same system, cross-company drill down is possible. This means the destination company can see the full details of the transaction in the source company.
