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.
How It Works
Cash Management*
Allocate payments or receipts for invoices in one company, using a bank account in another company. Transfer invoices from one company to another for consolidated processing. Process bank transfers between companies
Auto-Create AP, AR and/or GL Reallocations
Automatically trigger additional transactions (GL, AR and AP) to automate complex inter-entity transactions. Use wildcards to simplify trigger account setup. Account Substitution to reduce the need to replicate accounts in multiple entities. Configure AP and AR charges to accumulate, allowing for periodic on-charges.
Automate Loan Account Entries
Works within one and/or across Sage 300 databases*. Due-to & due-from transactions generated automatically. Works on all General Ledger transactions, regardless of their origin. User definable routes, including complex routes across multiple entities.
Benefits of Inter Entity Transaction includes:
- Provides tight control over transactions spanning multiple entities
- Streamlines processing, eliminating duplicate data entry
- Increases the accuracy of your financial data
Additional Sources
Watch Now: Orchid's Inter Entity Transaction Overview
duration: 5 minutes | A brief overview of Orchid's Inter Entity Transactions add-on module for Sage 300. Manage allocations and transfers between related entities. Keep loan accounts in balance, with offsetting due to & from entries automatically generated based on rules you define.