Orchid Inter Entity Transactions
Do you run multiple entities within one or across Sage 300 databases? Are you struggling to keep everything in balance? Increase the accuracy of your financial data
What is Orchid Inter Entity Transaction?
Inter Entity Transactions facilitates the management of allocations and transfers between entities. Entities equate to segments in the General Ledger, and could include branches, divisions, departments, funds, projects, trusts or multiple companies held within one or across Sage 300 (Accpac) databases*.
Due-to and due-from loan account transactions are automatically generated. Complex routes can be followed when there are no direct inter-entity account relationships between the transacting entities. Detailed checks and reports ensure entities always remain in balance.
Inter Entity Transactions will work on all GL transactions regardless of whether they originated from the GL, any subsidiary ledger, a 3rd party module, or an external system that has created GL batches.
This module can help any organization with loan accounts that should mirror each other to reflect inter-entity transaction processing requirements. It is also particularly well suited to non-profit organizations with Fund Accounting requirements.