Open Forum

Expand all | Collapse all

Intracompany functionality

  • 1.  Intracompany functionality

    GOLD CONTRIBUTOR
    Posted Nov 21, 2016 04:21 PM

    We process roughly 25,000 journal entries each month. We currently use Nolan and do inter-company transactions between 7 companies but are thinking about jettisoning that and track our JEs within our corporate company and use GP’s intra-company setup. Does anyone out there use GP’s Intra-company feature in high volume? What are some of the pros and cons you have experienced.

    ------------------------------
    Michael Leiden
    Associate CIO Information Services
    Catholic Human Services
    Philadelphia PA
    ------------------------------


  • 2.  RE: Intracompany functionality

    GPUG ALL STAR
    Posted Nov 22, 2016 08:27 AM

    Hi Michael,

    You may need to clarify what you mean further.

    There is no "intra" company module in GP, only "inter" company, as in, between different company databases.

    Are you referring to Interfund by chance? That product automatically creates due to/from entries on every posting between your specific fund segment within a company db. That's the closest thing I can think of that you might mean by "intracompany".

    Jen

    ------------------------------
    Jen Kuntz, CPA, CGA
    Microsoft MVP, Business Solutions
    Kuntz Consulting Inc.
    Cambridge, ON, Canada



  • 3.  RE: Intracompany functionality

    GOLD CONTRIBUTOR
    Posted Nov 23, 2016 08:40 AM

    Possibly what I am referring to - are you saying that interfund is a not a native GP feature but a an ISV or that it is a feature of GP?

    ------------------------------
    Michael Leiden
    Associate CIO Information Services
    Catholic Human Services
    Philadelphia PA



  • 4.  RE: Intracompany functionality

    Posted Nov 22, 2016 08:44 AM

    I think what Michael is referring to is the Interfund Management feature with GP.  That GP module allows you to assign a segment of the CoA for "interfund" offsets, but unforutnately, has very limited functionality. The biggest issue is that it does not allow for multiple due from/due to accounts for the funds.  That's is the chief reason people use our AIT (Advanced Intercomapny Transactions) module when they want to run multiple companies withing a single database.  With AIT, you can do both intercompany (across multiple databases) as well as intracompany (within a single database). Volume is not an issue. Plus you get the copy/paste from Excel feature, or you can easily import a CSV or tab-delimited text file directly into the Transaction Entry window. 

    ------------------------------
    Bill Marshall
    President
    mc²



  • 5.  RE: Intracompany functionality

    GOLD CONTRIBUTOR
    Posted Nov 23, 2016 08:41 AM

    Can you elaborate of "...The biggest issue is that it does not allow for multiple due from/due to accounts for the funds..."

    ------------------------------
    Michael Leiden
    Associate CIO Information Services
    Catholic Human Services
    Philadelphia PA



  • 6.  RE: Intracompany functionality

    Posted Nov 23, 2016 10:10 AM

    "...The biggest issue is that it does not allow for multiple due from/due to accounts for the funds..."

    This means that if you have, for example 10 corporate entities, you cannot establish unique due-from/due-to accounts for each individual relationship.  If you want to do a transaction between #3 and #5, it's going to use the same offset accounts as doing a transaction between #3 and #7.  The result is that you spend a lot of manual time resolving intracompany account balancing. 

    ------------------------------
    Bill Marshall
    President
    mc²



  • 7.  RE: Intracompany functionality

    SILVER CONTRIBUTOR
    Posted Nov 22, 2016 11:51 AM
    Edited by Neil MacDonald Nov 22, 2016 11:51 AM

    Another option is the Multi-Entity Manager (MEM) product from Binary Stream. It allows multiple companies in a single database, with full security and ease of reporting that other products do not have, as well as separate corporate FEINs, separate or consolidated 1099s, and fully automated due to/from transactions. See our website for more details: 

    Multi-Entity Management for Microsoft Dynamics GP

    Binary Stream remove preview
    Multi-Entity Management for Microsoft Dynamics GP
    Growing From 55 to 239 Entities- How Multi-Entity Management Helped Signature HealthCARE Scale Cost-Effectively Read this case study to learn how Multi-Entity Management helped Signature HealthCARE scale cost-effectively and save over 500 hours per month. Multi-Entity Management On-Demand Webinar See how Binary Stream's Multi-Entity Management helps multi-entity organizations better structure and manage their entities.
    View this on Binary Stream >

    ------------------------------
    Neil MacDonald
    Binary Stream
    Moncton NB



  • 8.  RE: Intracompany functionality

    Posted Nov 23, 2016 11:40 AM

    Hi Michael,

    Our Intercompany Posting solution can also be used for Intracompany Postings as well. We are happy to set up a time to discuss this with you if you would like. Please reach out to me at dbeaupre@nolanbusinesssolutions.com or give me a call directly at 250-808-4643.

    Best regards and have a Happy Thanksgiving,

    Derek

    ------------------------------
    Derek Beaupre
    dbeaupre@nolanbusinesssolutions.com
    250-808-4643
    Nolan Business Solutions
    Boulder CO