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Branches and currencies sit within one set of books rather than as separate ledgers. Transactions carry their entity and currency; reporting rolls up or filters down.
A customer served by two branches is still one customer, which is the part that separate ledgers cannot do at all.
Because each branch keeps its own books, and consolidation means exporting all of them, eliminating intercompany transactions by hand, and translating currency at a rate somebody chose.
It takes days, it happens once a month, and no branch manager can see the group position in between.
Group position is available continuously rather than monthly. Intercompany transactions are visible as such rather than being identified during elimination.
A branch manager sees their own numbers in their own currency, and finance sees the group, from the same records.
It does not handle full statutory consolidation with minority interests, goodwill or complex group structures. This is multi-branch operation within one company, not group accounting for a holding structure.
Currency revaluation policy is configured rather than prescribed.
Decide the reporting currency and the revaluation policy before importing. Both are painful to change once history exists.
Bring branches in one at a time, reconciling each before adding the next. Importing three at once means three sets of opening-balance errors arriving together.
Every transactional record: invoices, bills, payments, stock and payroll postings. Reporting at every level reads the same rows. Where Nest holds people across sites, cost centres can align to branches so employment cost reports the same way.
Branches and currencies sit within one set of books rather than as separate ledgers. Transactions carry their entity and currency; reporting rolls up or filters down.
Group position is available continuously rather than monthly. Intercompany transactions are visible as such rather than being identified during elimination.
It does not handle full statutory consolidation with minority interests, goodwill or complex group structures. This is multi-branch operation within one company, not group accounting for a holding structure.
Decide the reporting currency and the revaluation policy before importing. Both are painful to change once history exists.
Fourteen days, every module, no card. Or half an hour with someone who will run it on your own records and tell you where it does not help.