INTERNET APPLICATION DEVELOPMENT
MID MARKET ERP DEVELOPMENT
by Brian Terrell
Sometimes, experience is the best teacher. In one of our business partner client's first implementations of Intacct for a small, standalone company, they learned what may be considered a best practice for small company implementations.
Intacct’s company configuration options include:
One would think the Single Company option is best for the small, standalone company; however, that may not be the case for everyone. What if the small, standalone company adds a subsidiary or a related-party company? Basically, what if the small, standalone company is neither small nor standalone for long? In that case, Intacct allows a conversion from the Single Company model to the Multi-Entity model when you meet all of these criteria:
If you do not meet these criteria, then recreating the transaction and configuration tables from scratch may be the only other option. This is like a brand new conversion, and is hardly desirable. Since we cannot predict the future and we don’t want to be faced with reconverting our data, what can the small, standalone company do?
A single company’s subscription fees under both the Single Company and Multi-Entity Shared Company configurations are the same. This removes price as a barrier to a small company planning for future growth with Intacct. Of course, one should always consult an Intacct Certified Business Partner to discuss all of their options; however, do not assume that the Single Company model is automatically the best choice when implementing Intacct for a small, standalone company.