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Intacct Tutorial: GL Accounts in Multiple Entity Environments

Intacct Tutorial: GL Accounts in Multiple Entity Environments

Many companies today have multiple entities, listed under one company in their account application. Often, these are foreign-based companies.  While the entities share the same Chart of Accounts, they want the ability to show different account titles/descriptions by entity.

For example, US Company 1 needs the 4000 revenue account description as “Revenue”, but for the same account, Mexican-based Company 2 needs the account description to be “Ingresos”, while a French-based company needs the account description to be “Recettes”.

Sound familiar? To meet this requirement, use the Account Titles feature in the GL Accounts window.

Multiple Language General Ledger Intacct

Set up the account descriptions in the Account Titles by Entity window:

Intacct General Ledger Multiple Entity

By utilizing the account titles feature, this will allow you to change each entity GL account as you need.

Isn’t it wonderful when an accounting system, such as Intacct, is flexible enough to fit your specific needs?

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