Sub Division Setup

[sara...@gmail.com]

‎Hello everyone, 

I am unable to understand a setup, your help is highly appreciated. 

A manufacturing company has multiple factory locations and a corporate division in India. 

Every division maintains its own accounting and P&L. A consolidated P&L and balance sheet is prepared for statutory compliance, but individual accounts are required internally to check the profitability of every division.  

I tried company-sub-company route, but didn't see hierarchy possible, also, there is no consolidation available.

Another way I see is setting up cost centres for every division and creating a hierarchy of cost centres. 

Is there a better way of handling this setup?

Thanks in advance. 

Sarang

Sent from my mobile device.

[Rushabh Mehta]

On 06-Sep-2014, at 3:29 pm, sara...@gmail.com wrote:

‎Hello everyone, 

I am unable to understand a setup, your help is highly appreciated. 

A manufacturing company has multiple factory locations and a corporate division in India. 

Every division maintains its own accounting and P&L. A consolidated P&L and balance sheet is prepared for statutory compliance, but individual accounts are required internally to check the profitability of every division.  

I tried company-sub-company route, but didn't see hierarchy possible, also, there is no consolidation available.

Another way I see is setting up cost centres for every division and creating a hierarchy of cost centres. 

Thats your best bet right now!

Is there a better way of handling this setup?

Thanks in advance. 

Sarang

Sent from my mobile device.

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