Importance

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Abstract

In at least one embodiment of the present invention, a computer implemented method for Account Receivable (AR) accounting for a multi-company accounting system is provided. The method comprises creating an invoice with the system. An interface user enters input invoice detail lines into the system. The input invoice detail lines are associated with at least two distinct companies of the multi-company group. The multi-company accounting system automatically adds at least a pair of multi-company generated balancing lines associated with the invoice for balancing money owed to each of the distinct companies to define an outstanding balance for each company. A payment is applied to the invoice to reduce the outstanding balances and system automatically adding at least a pair of multi-company generated “Due To/Due From” lines as “Due To/Due From” entries to balance the money owed between the distinct companies.

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First Claim