Accounts Receivable in a multi-entity shared company
Related information
Related topics
The following sections describe some exceptions you need to be aware of when using Accounts Receivable in a multi-entity company.
Configure Accounts Receivable
In general, if you configure Accounts Receivable at the top-level parent, the settings apply to the top-level parent and the entities.
Set Document sequencing on an entity-by-entity basis. The sequences can be the same, or contain a code that identifies the entity. For example, say you have multiple entities such as Entity1, Entity2, Entity3 and so on. You could create sequences such as INV-E1-10234-2004Q1, INV-E2-10234-2004Q1 and so on by changing the sequences for each entity.
Under Formatting, the multi-entity parent has additional fields:
- Use entity address for invoices & statements: To print entity invoices with the address information for the parent as the sender address, leave the checkbox blank. You define the parent address for top-level multi-entity companies in the Company Information page. To print entity invoices with company names and sender addresses different from that of the parent, click the checkbox. You define the entity contact in the Entity Information page.
- Use entity remittance address: Similar to the sender address, subordinate entities may have remit to addresses that are different from their top-level parent company. If the subordinate entity remit to address is to remain the same as the parent, no change is necessary. However, to customize the entity address, click the checkbox, then enter the appropriate address information in the remit to address fields. If you don't click the checkbox, the system previews a non-editable remit to block that contains the remit to address of the top-level parent.
When setting which cards are accepted and the payment defaults at the parent level, the choices of credit cards in the parent display on entity invoices, and the depository bank for entities are the same as the top-level parent. However, you can set a default payment method and bank account on an entity-by-entity basis that overrides the parent setting.
