Mago.net - Multicompany Balance

Mago.net - Multicompany Balance

The module is integrated with the General Financial module, and it allows you to quickly get the multicompany balance by loading and processing the balances of each controlled company.


Multicompany Balance: main features

Customized consolidations

Proper "consolidated templates" help companies to adapt their chart of accounts to that of the controller company, in order to standardize accounting grouping criteria in the multicompany balance.

The structure of the data makes it easy to exclude all accounts that refer to intercompany transactions, or rather all operations carried out between companies of the same group.

Foreign currency consolidations

As the controller company is often a foreign company, it is frequent to process balances in foreign currencies.

The procedures that process balances based on the modules can convert balance amounts into a selected currency and fixing rate.

Balances can still be revised before delivery to the controller company.

Integration with general ledger

Data transfer between companies of the group is carried out with a file loading that generates an entry in the journal of the controller company.

With proper devices it is possibile to keep details of the amounts of each company.

The perfect integration with the Financial module allows you to print and analyze the multicompany balance using the large number of reports available.
 

Some features are not available on all Editions.

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