Set Up Multi-Company Management

When you enable multi-company management in an organisation, it becomes the Headquarters. Once enabled, you can add Subsidiaries under it from the Multi-Company Console.

Scenario: Patricia wants to set up multi-company management with:

Zylker Corporation as the Headquarters
Zylker Inc. and Zylker Manufacturing as subsidiaries

She completes the setup as follows:

Enables Multi-Company Management in Zylker Corporation which becomes the headquarters
Switches to the multi-company console
Adds Zylker Inc. and Zylker Manufacturing as subsidiaries

Enabling this feature creates two accounts in your chart of accounts to track intercompany transactions:

Intercompany Accounts Receivable
Intercompany Accounts Payable

Note:

The Headquarters cannot be changed once set.
Once multi-company management is enabled in an organisation, it cannot be disabled.

Prerequisite: Ensure every account in your chart of accounts has an account code as they are required for intercompany transactions.

Enable Multi-Company Management

To enable multi-company management:

Log in to the organisation you want to set as the headquarters.
Go to Settings.
Under Organisation Settings, navigate to Setup & Configurations and select General.
Click the toggle to enable Multi-Company Management.
In the pop-up that appears, enter account codes for intercompany accounts.
Check the I understand that this organisation will be set as the Headquarters for Multi-Company Management option.
Click Enable.

Multi-company management will be enabled and the current organisation will be set as the headquarters.

Go to Multi-Company Console

Note: Only admins of the headquarters organisation can access multi-company console.

Multi-company console gives you a single place to view and manage financials across all your companies. Once you’ve enabled it, you can switch to it from your headquarters.

To go to multi-company console:

Log in to the headquarters organisation.
Go to Settings.
Under Organisation Settings, navigate to Setup & Configurations and select General.
Navigate to Multi-Company Management and click Go to Multi-Company Console.

You will be redirected to the multi-company console.

Set Up Multi-Company Console

The multi-company setup is a one time process and the setup includes the following steps:

Manage Multiple Business Groups

A business group constitutes a headquarters and its subsidiaries. Each business group has their own multi-company console. If you want to manage another business group:

Enable multi-company management in a different organisation. It will become a separate headquarters.
Switch to its multi-company console.
Add and manage its subsidiaries independently.

Warning: You cannot add a headquarters or an existing subsidiary as subsidiary under another headquarters. Plan your hierarchy before setup, as it cannot be changed later.