SyteLine Multi-Company Financial Configuration Guide
Multi-company financial configuration in SyteLine allows enterprises to operate distinct legal entities within a shared ERP infrastructure while maintaining separate general ledgers, chart of accounts, and financial calendars. Proper setup ensures regulatory compliance across jurisdictions, accurate intercompany elimination, and streamlined period-end consolidation. This guide covers the foundational configuration steps for multi-company financials in Infor CloudSuite Industrial.
Chart of Accounts and Entity Structure
Each SyteLine entity maintains its own chart of accounts defined in the chart_acct table, with account segments configured through the Account Dimensions form. The entity structure is established in the Entities form where you define the legal entity code, base currency, fiscal calendar, and default account mappings. For organizations requiring a unified chart of accounts across entities, you configure a shared account master and map entity-specific overrides through the Account Cross-Reference form.
- Define each legal entity in the Entities form with its own base currency, fiscal calendar, and tax jurisdiction
- Configure account dimensions with segment structures that support both local reporting and consolidated views
- Map intercompany accounts (receivable, payable, and clearing) for each entity pair in the Intercompany Accounts form
- Set up currency translation rules for entities operating in different functional currencies
- Establish account cross-references to map local statutory accounts to the corporate consolidated chart
Intercompany Journal Processing
Intercompany journals in SyteLine are created through the Intercompany Journal Entry form or auto-generated from intercompany transactions such as inter-site transfers, shared cost allocations, and management fee charges. Each intercompany journal generates balanced entries in both the originating and receiving entity general ledgers. The SLJournals IDO manages the journal header while SLJournalLines IDO stores the debit and credit line details with entity cross-references.
- Configure auto-generation rules for intercompany journals triggered by inter-site inventory transfers
- Set up recurring intercompany journal templates for monthly management fees and shared cost allocations
- Validate intercompany balance reconciliation using the Intercompany Reconciliation report before period close
- Enable approval workflows for manual intercompany journal entries exceeding threshold amounts
- Use the journal reversal feature for correcting intercompany entries without manual offset journals
Multi-Company Period Close and Consolidation
Period-end processing in a multi-company environment requires coordinated close across all entities before consolidation can proceed. SyteLine fiscal period control prevents posting to closed periods at the entity level. The consolidation process aggregates trial balances from all entities, applies currency translation for foreign entities, and generates elimination entries for intercompany balances. The consolidated trial balance and financial statements can be produced through SyteLine reporting or exported to Infor d/EPM for advanced consolidation.
- Establish a period close checklist with entity-level status tracking to coordinate multi-company close
- Run intercompany reconciliation and resolve differences before closing any entity period
- Configure currency translation methods (current rate, temporal, or monetary/non-monetary) per entity
- Generate elimination journal entries for intercompany receivables, payables, and unrealized profits
- Export consolidated trial balances to Infor d/EPM or third-party tools for statutory and management reporting
Simplify your multi-company financial setup in SyteLine. Contact Netray for expert guidance on intercompany configuration and consolidation workflows.
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