Head Office Accounting is a feature of the Sales System and ensures that Branch
raised Invoices and. Credit Notes are automatically directed to and recorded ...
How does Head Office Accounting Work? Head Office Accounting is a feature of the Sales System and ensures that Branch raised Invoices and Credit Notes are automatically directed to and recorded against the Head Office Account rather than the issuing Branch (although you can still direct Invoices and Credit Notes to the Branch or Subsidiary using the “Batch Processing” facilities of the system). Firstly, set up the Head Office Account itself and indicate on its record that it is a “Head Office”;
When you declare this Account to be a Head Office it automatically added to the List of Head Offices and can be called down from the Drop Down list on the next screen. Next, when setting up the Branch or Subsidiary Accounts, you need to indicate that Invoices and Credit Notes, etc., raised by each of them individually are to be recorded in the Head Office Account in the Sales System rather than the issuing branch or subsidiary;
Click the “Inv. Head Office” check box and indicate the Account No. of the Head Office record from the Drop Down list. Only Invoices and Credit Notes raised under “Item Invoicing” (and “Recurring Invoices”) and “Sales Product Credit Note” facilities of the system will be directed to the Head Office Account. Invoices and Credit Notes raised under “Batch Invoicing” and “Batch Credit Notes” will still be directed to the Branch or Subsidiary Account. When you raise an Invoice or Credit Note using Item processing, the system will present the following message for continuation;
