Rob Mathieson
Articles
Recent activity by Rob Mathieson
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Intercompany Transactions
Introduction In multi-entity companies, it is common for one entity to have transactions with another entity in the same company (IETs). This can be for assorted reasons such as Loans, transfers, A...
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Multi-base Currency
Introduction Consolidating multiple base currency entities can be particularly complex due to the challenges around every changing exchange rate. Cloud accounting systems can automate the consolida...
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Inter Entity Eliminations / Inter Company Eliminations
Introduction Intercompany elimination is the process that a parent company goes through to remove transactions between subsidiary companies within the same group. Parent companies complete intercom...
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Consolidation
Introduction Consolidation accounting is the process of combining the financial results of several subsidiary companies or entities into a single combined set of financial results of the parent com...
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Multi-Entity Consolidation
CONSOLIDATION Introduction Multi-Entity organizations are often faced with complex challenges for consolidations and need to resort to excel based solutions which can be time-consuming and error-pr...
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Control Capabilities
Introduction Automatically control spending according to a pre-defined budget, informing you when an expense exceeds the set budget. Typical Problems Staff members will submit requests for spending...
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Budget and Forecasts
Introduction A budget reveals the structure or direction of a company's finance, while the forecast tracks whether the company is meeting its financial goals as outlined in the agreed budget. Typic...
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Localisation
Introduction Cloud accounting allows you to configure different, standard GL accounts and lists, to assist you with any statutory requirements you may need depending on local market requirements. T...
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Allocations
Introduction Redistribution of values across multiple GL codes, dimensions, and entities, such as splitting a utility cost across multiple departments, can be a difficult and time-consuming process...
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Payroll
Introduction Cloud accounting allows for greater integration of your finance and payroll systems, reducing duplication of work and errors for a more efficient process. Typical Problems Your busine...
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