Welcome to Forums Sign in | Join | Help | Forums
in Search


Forums » Internal Forums » General Ledger » Accounting for Subsidiary Organizations

Accounting for Subsidiary Organizations

Last post 12-19-2006 11:21 AM by Steve Rollins. 3 replies.
Page 1 of 1 (4 items)
Sort Posts: Previous Next

  • 12-18-2006 2:58 PM

    Accounting for Subsidiary Organizations

    Reply Contact
    We are incorporating a separate small subsidiary organization. I'm looking for an easy method to account for the subsidiary, without setting up another database. Should I use a unique cost center? Fund? Looking for ideas!

  • 12-18-2006 5:43 PM In reply to

    • Pat Senft
    • Not Ranked
    • User Since: 2004
    • Posts 3
    • Organization: Congregation of the Mission Midwest Province
    • Products:  The Financial Edge, The Raiser's Edge

    Accounting for Subsidiary Organizations

    Reply Contact
    We use funds. By using a separate fund within an existing database, financial reports can be filtered by funds, separated by funds, or run together. If your intent is to keep this segregated, I believe funds are best way. pat senft congregation of the mission midwest province

  • 12-19-2006 9:00 AM In reply to

    Accounting for Subsidiary Organizations

    Reply Contact
    We have created a fund for this same purpose and it has worked out well. Paul D. Wykes VP Finance and Information Systems Old Sturbridge Village

  • 12-19-2006 11:21 AM In reply to

    Accounting for Subsidiary Organizations

    Reply Contact
    Thanks Pat and Paul for your responses. Looks like its best to create a new fund, thanks.
Page 1 of 1 (4 items)