Inter-Company Accounting functions in Plus & Minus software

This video shows you:
Consolidating Financial Statements
Intercompany transactions
Transaction Import
Host company purchases expensed in subsidiaries
Consolidating Financial Statements

We are running the demo on the Microsoft Azure Cloud.

What is headquarters accounting?
A company, or department, that handles
payroll
expenses incurred on behalf of subsidiaries
cash, asset and liability transfers between headquarters and subsidiaries
allocations
consolidating financial statements
inter-company account reconciliations
import/export transactions from/to subsidiaries

Inter-company accounting can be intimidating because of all the variables.
However, the concept is very sample: when Inter-company Accounts Receivable and Accounts Payable are consolidated, they should balance to zero.
Modular-based systems require the user to enter inter-company transactions separately in each company: a one-to-one relationship.
Plus & Minus supports many-to-one and one-to-many relationships.
Additionally, Plus & Minus allows the host company to generate inter-company transactions among subsidiaries (top down) or the subsidiaries to generate inter-company transactions (bottom up).

Note: All inter-company transactions route through one inter-company gen account. The inter-company gen account must be the same in all companies.
The demo uses Account 3130, A/R(A/P), Inter-company.