Centralized inter-entity account setup FAQs

The centralized inter-entity transaction (IET) account setup enables you to view and edit your entire inter-entity setup from a single place. Select Company > Setup > Configuration > Inter-entity account settings > Inter-entity accounting mapping to get to the Inter-entity account mapping page.

What is the centralized IET setup?

The centralized IET setup enables you to view and edit your entire inter-entity setup from a single place. Select Company > Setup > Configuration > Inter-entity accounting mapping to get to the Inter-entity account mapping page.

Is there anything I need to do to turn on this feature?

If you have a multi-entity company, then by default, you have a Basic inter-entity account mapping plan. You can review your entire setup on the centralized Inter-entity mapping page, and select the Advanced inter-entity account mapping plan if relevant. Or, you can export your setup to a CSV file for analysis and backup storage.

How can I access the inter-entity account mapping page?

If you have permissions for editing inter-entity relationships across entities, you have the right permissions to access the Inter-entity account mapping page. Your permissions enable you to edit any inter-entity mappings as you see fit. Typically, you’ll need access to all entities to setup inter-entity relationships as you do today.

What if I want to change my setup?

Changing your setup within an IET plan has never been easier. You can edit account and entity details on page, or simply export your current setup using the CSV export template available from the Inter-entity account mapping page. You can edit and delete inter-entity relationships, then save the export file and import it back. The export and import templates use the same format, so it’s easy to import your modified exported file back into Intacct. A best practice is to save a copy of your setup for future reference by exporting it to a CSV file. A change in this configuration can affect the way your statements are presented, if you present per entity. Time the change and disclose as necessary the change of policy.

How do the Basic and Advanced plans differ?

The Basic plan enables you to use only one set of inter-entity accounts per entity for higher-level tracking, while the Advanced plan enables you to define separate sets of inter-entity accounts for each entity relationship, or entity pair, and takes a more granular approach. As the inter-entity receivable (IER) and inter-entity payable (IEP) accounts reflect an obligation for one entity to settle with another, separating these accounts among entity pairs enables you to report more specifically on how these obligations arise. Using the Advanced plan doesn't necessarily mean you need four accounts for each entity pair. You can re-use accounts if you have different requirements for granularity among your entities. For example, you might configure one IEP and one IER account for your UK and US entities, while using four different accounts for the Australia and France entities.

When considering which setup is right for you, it is important to understand how the inter-entity receivable and payable balances are ultimately settled, meaning how and when payment is to be made.

Can I change my inter-entity account mapping plan?

We automatically migrated your inter-entity setup to the right inter-entity account plan, based on the inter-entity accounts you already defined. There’s no need to change your inter-entity account mapping plan, unless you decide to re-evaluate your setup and require a policy change.

As your company grows in the future, and along with it, the complexity of your inter-entity relationships, you might want to change from the Basic to the Advanced plan. Or, you might have inherited an Advanced setup, and decided that you want to simplify your setup to a Basic one. However, the Basic and Advanced plans are mutually exclusive, and your existing setup will not be carried over when you switch from one plan to another. Therefore, Sage Intacct recommends saving your inter-entity setup by exporting it to a CSV file. If you decide to switch inter-entity account mapping plans in future, you can use the exported file to import your setup back in to Sage Intacct. You’ll also be able to make changes to your inter-entity setup by changing the exported CSV file, and importing it back in.

How does the previous inter-entity setup map to the current one?

The following table describes how the previous inter-entity account setup maps to the new inter-entity account setup:

Previous inter-entity setup	New inter-entity account mapping plan
Default accounts only	Basic
One or more override accounts	Advanced

Can I remove inter-entity accounts for entities that do not need IETs?

Yes, we now support the blocking of specific entities from inter-entity transactions. Simply leave out the inter-entity accounts for any entity that does not require IETs. Intacct will disable IETs for entities that have no defined inter-entity accounts.

How can I use the export/import functionality? Can I upload my inter-entity setup?

It's easier than ever to upload your inter-entity account setup. The export and import templates are the same, eliminating the need to manage file formats. All inter-entity relationships are listed in the export template, including any newly added entities. You can change your inter-entity accounts, add new ones, and remove existing ones all in the same export/import template. You can export and import your inter-entity account setup directly from the Inter-entity account mapping page (Company > Setup > Configuration > Inter-entity accounting mapping).