MYOB Exo Enterprise Multi-Company & Inter-Company
Exo Inter-Company Reporting
MYOB EXO Intercompany is an additional module that can be purchased that integrates with MYOB EXO Finance.
Many businesses regardless of size operate several separate legal entities. Whilst efficient for tax and other purposes this can often make for additional accounting and perhaps the need to involve external assistance from a business’s accountant and/or auditor.
EXO Intercompany enables a business to consolidate its various entities into a single consolidated entity for the purposes of reporting. The consolidation process can happen as frequently as necessary to perform group based reporting. The group company is treated as an entity in its own right and as such all the General Ledger transactions & reporting functions are available.
Contact Microsharp team today for an obligation free discussion about your requirements and how Microsharp can help you.
MYOB Exo Inter-Company Features & Benefits
EXO Intercompany gives you the ability to:
- Consolidate multiple companies
- Consolidate foreign subsidiaries
- Account for related party and OEI or minority interest companies.
Other Features
- Previously loaded balances of a foreign subsidiary can be re-valued at any point in time to better reflect the current currency rates & therefore position of the group entity
- Automatic calculation and posting of Other Equity Interest (Minority Interest) portion of the current year profit
- Built in controls to ensure data is accounted for correctly via a flag in Source Company to identify that it has been uploaded. This ensures it is loaded to the Group Company once only
- Handle elimination entries at the time of consolidating into the Group Consolidation Entity.
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Testimonials
Basically we’d just outgrown Premier. Because of Premier and EXO’s shared parent company, we knew we’d be able to integrate legacy and new data easily. And that was a big plus for us. 
Microsharp understood our needs to incorporate business processes into the system with their first-class knowledge of the product, rather than just transfer data to a database.
For the moment, we’re running the two branches and it’s great to be able to share data across them. But if we decide to open a third or fourth in the future, we know that EXO can cope with that, and grow as we do.
Knowing we can easily have a report written if it doesn’t already exist really is a comfort. In fact, it’s that extra functionality that makes MYOB our preferred choice of software.
Microsharp has been a great partner throughout the implementation process and provided highly capable consultants with a depth of experience and knowledge that was invaluable
The net result is a business that’s getting maximum benefit from a well thought-through and implemented business management system – and a clear view of the critical processes that drive its success.
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