Company website
Software website
The generation of Automatic Accounting Entry in Inter-branch and Inter-company transactions in Ikonomikal Cloud Accounting ERP is good for the following structures and businesses in local and international locations:
1. Conglomerate and Holding Company having hundreds of subsidiary companies
2. Company with thousands of branches
3. Multi-purpose cooperative with hundreds of businesses with thousands of branches
4. Government offices such as Regional, Provincial, Municipality and Barangay/County/Barrio
5. Franchise business scheme such as thousands of chain of supplies store, restaurants, pharmacies
6. Company with very less personnel
7. Centralized company support services such as:
7.1. Sales and Marketing Management
7.2. Procurement Management
7.3. Logistics and Distribution Management
7.4. Human Resource Management
7.5. Budget, Finance and Accounting Management
7.6. Bank Credit Facilities Management
7.7. Inventory and Warehouse Management
7.8. Property Management
7.9. Statutory Compliance Management
Its generation of Automatic Accounting Entry is because of the settings of the General Ledger Modules in Ikonomikal Cloud Accounting ERP as shown in the above image.
The purposes of the Inter-branch and Inter-company settings are:
1. to generate automatic accounting entries related to Inter-branch or Inter-company transactions,
2. to eliminate reconciliation activity,
3. to make sure accounts are always reconciled, and
4. for real time financial reports consolidation
The auto generated accounting entries of Inter-branch and Inter-company are available in the financial transactions of all Ikonomikal Cloud Accounting ERP modules inside one database with multiple branches or companies.
Click Cloud General Ledger Modules for the list of programs
Analysis Modules are in a separate blog
Please click also the following to know more about Ikonomikal
1. What is Ikonomikal?
2. What are the Security Features of Ikonomikal?
3. Ikonomikal Programming Language and Environment Diagram
4. How Robust is Ikonomikal?
5. Is 3rd Party Interface Possible in Ikonomikal?
6. Company website of Ikonomikal
7. Ikonomikal software site
8. How to Subscribe to Ikonomikal?
9. Ikonomikal Monthly Subscription Price List
10. Ikonomikal Monthly Subscription Price List with Daily Backup
11. Cost Savings in Using Ikonomikal
12. Improved Business Model in Using Ikonomikal
13. Return on Investment in Using Ikonomikal
14. Major Features of Ikonomikal
Suggested modifications, customizations and developments with general industry use will be done and corresponding upgrades will be deployed accordingly for free.
Click to email:Teodoro Rolluqui
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