In this video, learn how to manage branches and multi-company environments.
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1.
If I have a main company with branched linked to it, when is the closing date of the fiscal period?
2.
Is it possible to have the main company in one country and branches of it in other countries?
Yes, as they all operate independently. The branch feature allows access from the main company to records related to its branches.
No, the main company and its branches must be in the same country to avoid accounting inconsistencies.
Yes, but it requires extra accounting work as they all operate under different fiscality rules.
3.
What can differ between the main company and its branches?
Branches must use the same chart of accounts, taxes, main currency, and journals as the main company. Contacts can be branch or company-specific.
Branches must use the same chart of accounts, taxes, and journals as the main company. The main currency and contacts can be branch or company-specific.
Branches must use the same chart of accounts, taxes, and main currency as the main company. Branches can, however, create branch-specific journals.
