Group Structures

Support
1

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

2

Hello @iRebuild

You could set up and Affinity account to manage all the companys

You would then create QuickFile accounts for each entiry

There is no direct link between the entities but here is an thread I found on the forum relating to intercompany loans/transfers which may also help with the accounting transactions.