Dev: Intercompany / Intracompany Handling

Background

This discussion of intercompany handling is meant to cover the situation where one core owner is running multiple reltated companies - typically on one system and with overlapping transactions and interaction between the companies. The different companies may be referred to as Divisions or Entities.

One of the key characteristics of a InterCompany situation, is when each company files taxes under a separate Federal Tax ID.

Issues

• Each Company must maintain a separate Balance Sheet (that balances)
• Each Company must be able to file Payroll taxes separately.
• When running consolidated financial statements, intercompany transactions should not be included.