I currently use Quickfile on individual independent/silo accounts but am now forming a corporate group structure.
Horizon Group
│
┌────────────────┴────────────────┐
│ │
▼ ▼
Horizon Investments Ltd Horizon Operations Ltd
(HoldCo) (HoldCo)
│ │
┌──────┼──────┐ ┌────────┼────────┐
│ │ │ │ │ │
▼ ▼ ▼ ▼ ▼ ▼
Property Asset Investment Construction Consultancy Facilities
Holding SPVs SPVs Ltd Ltd Ltd
I would like each account to operate book-keeping independently (i.e. staff to operate their company)
But I want invoices, loans and other corporate finances to flow between companies?
I know I can issue invoices from one company to another … but ideally I want the Current account in one linked to the Loan account in another.
E.g. When £1000 goes from CoA to CoB the £1000 is shown as
“CoA B2B loan -£1000” from CoA and appears in “CoB B2B Loan +£1000” account in the other.
Company A Company B
┌───────────────────┐ ┌───────────────────┐
│ Current Account │ │ Current Account │
│ (£1,000) │────────────► │ +£1,000 │
└─────────┬─────────┘ └─────────┬─────────┘
│ │
│ Bookkeeping Entry │ Bookkeeping Entry
▼ ▼
Company A Books Company B Books
Current Account Current Account
│ │
▼ ▼
Cr Bank £1,000 Dr Bank £1,000
Dr B2B Loan (CoB) £1,000 Cr B2B Loan (CoA) £1,000
│ │
└─────────────── Linked ───────────┘
Intercompany Loan Balance
Company A Asset Company B Liability
"Loan to Company B" "Loan from Company A"
Is this a PRO account or the Affinity Account or neither/both ?
How can I interlink and automate group finances ?
Thanks
Peter