@A-Frame wrote:
it seems crazy to have to use a 3rd party app for this accounting feature. I was not able to find anything specific that would just to intercompany... so far
@A-Frame
Afaik, you won't be able to find this feature in any program/application of the same class as the current QB. We may recommend one accounting app with this feature. It lets you automate financial reporting, inventory transfers, vendor, payments, cash management, and inter-company transfers across multiple related companies. You can track financials and create reports for an unlimited number of related companies within your organization. Related companies can share charts of accounts, calendars, and currencies, as well as non-financial data. Restrict user access to customer or vendor records by branch or company.
The system integration enhances all your intercompany reconciliation activities. For example, you can manage intercompany payments in Accounts Payable and centralize invoicing in Accounts Receivable. You can also manage intercompany journal transactions, intercompany goods transfers, company-specific cash accounts, and more.
Most of the time, we only recommend this system for QBO Advanced and QB Desktop Enterprise users.
