BS and PL management for each Branch

knm · 2011-11-02

Hi,

I'm trying to figure out a way to track the BS and PL for each Branch, instead for the whole Company, i.e. HQ. (somebody mentioned that it's Independent Branch Accounting that I wanted to do).

Is there a good way of managing this in NAV?
I first thought that using Responsibility Center is enough for sufficing this requirement, but I have found out that when Cash moves from HQ to Branch an intermediate account that transfers the BS needs to be used, in order to correctly calculated the BS account.

I would greatly appreciate any kind of advice that you may have.

Thank you!

Alex_Chow · 2011-11-03

Use Dimensions. This will allow you to print BS and IC per division/branches within a company.

You might want to get your partner to come in and show you how it works, because if not setup properly, it'll create more work and confusion within the company.

knm · 2011-11-03

Hi Alex, so after utilizing the Dimension, NAV can automatically handle the "Due to" and "Due From" between the HQ and each branch?

I'm looking through NAV, but can't seem to find any solution.

Thank you.

Alex_Chow · 2011-11-03

kenji wrote:

Hi Alex, so after utilizing the Dimension, NAV can automatically handle the "Due to" and "Due From" between the HQ and each branch?

I'm looking through NAV, but can't seem to find any solution.

Thank you.

Due to Due from? Are you talking about intercompany? Or handling branches?

knm · 2011-11-03

Well, it's close to Intercompany, but happening in one company in NAV.
So let's say you are paying to a Vendor, then you would have "AP // Cash" posted in GP.
But this needs to be something like

Due From Branch // Cash
AP // Due to Head Quarter

So intermediate accounts are needed so that correct BS report can be generated from the system.

Alex_Chow · 2011-11-04

kenji wrote:

Well, it's close to Intercompany, but happening in one company in NAV.
So let's say you are paying to a Vendor, then you would have "AP // Cash" posted in GP.
But this needs to be something like

Due From Branch // Cash
AP // Due to Head Quarter

So intermediate accounts are needed so that correct BS report can be generated from the system.

What you've just described is Intercompany, not a branch within the same company.

knm · 2011-11-04

I'm not familiar with Intercompany transaction, but can you to AP Payment entry using Intercompany transaction?

BS and PL management for each Branch

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