Multi-Company Accounting
Lets a business maintain separate books for different companies or entities while reviewing their financial information together.
Multi-Company & Multi-Currency ERP Software
Separate Books. One Group View.
FACT ERP.NG brings Multi-Company Accounting, Group Financial Reporting, Division and Department Analysis, and Multi-Currency Accounting into one ERP system.
Maintain separate books for multiple entities, compare financial results side by side, work across currencies, and drill down from group reports to the transactions behind the numbers.
Company Books → Group Reports → Drill Down → Supporting Documents
- Company ASGD
- Company BINR
- Company CUSD
FACT ERP.NG
- Separate Books
- Group Reporting
- Multi-Currency
- Drill-Down
What Is Multi-Company & Multi-Currency Accounting?
FACT ERP.NG combines both with Group Reporting, Division and Department Analysis, foreign-exchange accounting and transaction-level drill-down.
Multi-Currency Accounting
Lets each company have its own Home Currency while recording transactions in other currencies.
Maintain Multiple Companies in One ERP
FACT ERP.NG lets you maintain accounts for an unlimited number of companies and other entities at no extra charge for additional entities.
Each entity keeps its own books, while authorised users can work across one or multiple companies.
User access can also be controlled by company, so employees only see the companies they are authorised to access.
- Companies
- Partnership Firms
- Foundations & Non-Profits
- Charities
- Investment & Holding Companies
- Government Departments & Institutes
Compare Companies Side by Side
Multi-Company Groups
Create multiple Multi-Company Groups and view the Profit & Loss and Balance Sheet of selected companies side by side.
A company can belong to more than one Multi-Company Group, giving management different ways to analyse the organisation.
There is no need to export and manually combine separate spreadsheets to create these supported group reporting views.
- Individual Company Columns
- Group Totals
- P&L and Balance Sheet
- Direct Drill-Down
- Underlying Transactions
- Supporting Documents
Analyse Divisions, Departments & Branches
Slice and Dice Financial Data.
Multi-company reporting goes beyond comparing legal entities.
FACT ERP.NG can analyse the P&L, Balance Sheet, Trial Balance and General Ledger across Divisions, Locations and Branches in separate columns with totals.
Reports can also organise Departments within Divisions for more detailed analysis.
For example, management can review Travel Expenses by Division, drill into Departments and then analyse the expense by Employee.
Analyse by
Financial Report
- Company
- Division
- Department
- Branch
- Employee
- Period
A Common Chart of Accounts
Compare Like with Like.
Using a common Chart of Accounts across companies makes Group Reporting more useful.
When the same account represents the same type of Revenue, Expense, Asset or Liability in each company, side-by-side financial statements are easier to compare and understand.
FACT's implementation team can help businesses establish a consistent structure across the group.
Multi-Currency Accounting
Each Company Can Have Its Own Home Currency.
Each company in FACT ERP.NG can maintain its books in its own Home Currency while recording transactions in foreign currencies.
Foreign-currency transactions are converted into the company's Home Currency using the Foreign Currency Exchange Master.
- Foreign-Currency Sales & Purchases
- Foreign-Currency Bank Accounts
- Exchange Rates
- Customer & Vendor Currency Exposure
- Home and Foreign-Currency Financial Reporting
- Foreign-Currency Revaluation
- Realised & Unrealised Forex Exchange Gains/Losses
- USD
- SGD
- INR
- MYR
- NPR
- PHP
- AED
FACT ERP.NG
- Home Currency Financials
- Foreign-Currency Reporting
- FX Exposure
Automatic Forex Gains & Losses
Let the ERP Handle the Exchange Difference.
When a foreign-currency invoice is settled at a different exchange rate, FACT ERP.NG automatically calculates the Realised Forex Exchange Gain or Loss and posts it to the financial accounts.
FACT ERP.NG also supports Unrealised Forex Exchange Gains/Losses and foreign-currency revaluation, reducing manual calculations and adjustment entries.
Forex Automation
Foreign-Currency Invoice
Settlement
Exchange Difference
Automatic Financial Posting
Automatic Intercompany Entries
Enter It in One Company. Create the Corresponding Entry in the Other.
FACT ERP.NG supports Automatic Intercompany Entries at the General Ledger level.
For example, when Company A records a loan payment to Company B, FACT ERP.NG can automatically create the corresponding credit entry in Company B.
This reduces duplicate entries and helps keep intercompany transactions consistent across separate company books.
Company A
Payment Voucher
Company B
Corresponding Entry
From Group Result to Source Document
See the Total. Then See What Created It.
Start with a Columnar P&L or Balance Sheet and drill down into any company's figure.
Management gets the consolidated view while Finance retains access to the transaction-level detail behind it, subject to user access rights.
From group to detail
Drill Down Reporting
Move from the consolidated view to the transaction-level detail behind any company figure, subject to user access rights.
Consolidated view
Management sees every company side by side with Group Totals.
Controlled detail
Finance reaches the transaction behind each figure, within their access rights.
-
Level 1
Group Report
Start with a Columnar P&L or Balance Sheet for the group.
-
Level 2
Company
Select any company's figure in the group report.
-
Level 3
Account
See the account behind the company figure.
-
Level 4
Transaction
Open the individual transactions that make up the balance.
-
Level 5
Supporting Document
Access the original voucher, invoice or attachment.
FAQ
Frequently Asked Questions
What is Multi-Company Accounting?
Multi-Company Accounting lets businesses maintain separate books for multiple companies or entities while reviewing their financial information together.
How many companies can I maintain in FACT ERP.NG?
FACT ERP.NG allows accounts for an unlimited number of entities at no extra charge for additional entities. Each entity maintains separate books.
Can I compare multiple companies' P&L and Balance Sheet side by side?
Yes. Multi-Company Groups let you view selected companies in separate columns with Group Totals and drill down into individual company figures.
Can I analyse Financial Reports by Division, Department or Branch?
Yes. FACT ERP.NG supports columnar reporting by Division, Department and Branch for reports including P&L, Balance Sheet, Trial Balance and General Ledger.
Can each company have a different Home Currency?
Yes. Each company can maintain its own Home Currency while recording transactions in foreign currencies.
Does FACT ERP.NG automatically calculate Forex Exchange Gains and Losses?
Yes. FACT ERP.NG can automatically calculate and post exchange differences arising from foreign-currency transactions, including realised gains and losses when invoices are settled.
Does FACT ERP.NG support Automatic Intercompany Entries?
Yes. At the General Ledger level, FACT ERP.NG can automatically create the corresponding entry in another company for supported intercompany transactions.
Can I drill down from a Group Report?
Yes. Users can drill down from a company's figure in a Group Report to the underlying transaction and supporting documents, subject to their access rights.
Why Manage Multiple Companies & Currencies with FACT ERP.NG?
Separate Books
Maintain independent accounting records for each company or entity.
Group Visibility
Compare company financials side by side with Group Totals.
Multi-Currency
Operate companies with different Home Currencies and foreign-currency transactions.
Automatic FX Accounting
Calculate and post realised and unrealised Forex Exchange Gains/Losses.
Intercompany Automation
Reduce duplicate entries with Automatic Intercompany Entries.
Transaction-Level Transparency
Drill down from Group Reports to individual transactions and supporting documents.
FACT ERP.NG Multi-Company
Manage the Group Without Losing the Detail.
Separate company books. Group Financial Reporting. Multiple currencies. Automatic Forex Accounting. One connected ERP.
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