Holding Company financial question

[Shereen]

Hi everyone
I have a question regarding the concept of holding company
I've the accounting department which is a sub organization from the whole company

I know that I can setup the accounting of this accounting department separately and get all transactions and reports aside from the whole company

But my question is:
do the transaction done in sub company affect the transactions done in main big holding company?

for example if the sub organization is required to pay 1000
in the accounts payable of the whole company will this appear i the accounts payable?

I'd be glad for any clarifications

thanks

[Anil Patel-3]

It depends on how you code your Accounts Payables reports for parent company. You can choose to include or not include. In Ofbiz we do have some reports that include transaction of sub organizations as well.

Thanks and Regards
Anil Patel
HotWax Media Inc
Find us on the web at www.hotwaxmedia.com or Google Keyword "ofbiz"

On Apr 5, 2011, at 7:25 AM, Shereen wrote:

> Hi everyone
> I have a question regarding the concept of holding company
> I've the accounting department which is a sub organization from the whole
> company
>
> I know that I can setup the accounting of this accounting department
> separately and get all transactions and reports aside from the whole company
>
> But my question is:
> do the transaction done in sub company affect the transactions done in main
> big holding company?
>
> for example if the sub organization is required to pay 1000
> in the accounts payable of the whole company will this appear i the accounts
> payable?
>
> I'd be glad for any clarifications
>
> thanks
>
> --
> View this message in context: http://ofbiz.135035.n4.nabble.com/Holding-Company-financial-question-tp3428021p3428021.html
> Sent from the OFBiz - User mailing list archive at Nabble.com.