Using Multiple Companies in Zoho Books
In accounting, it is necessary to keep a unique set of books for each separate company. If an entity is incorporated, it requires financial reports for tax purposes. Relationships between companies must be handled ‘at arms length’. Zoho handles this easily.
Note that Branches, Division or Warehouse Locations can be handled under one company, and reporting can be setup for each of these categories. The key point in deciding whether additional companies are required is unique Incorporation status.
In Zoho Books, each company can have different rules, different chart of accounts, different taxes and different customers/vendors. As a result, each company can easily prepare its own set of financial records.
As an administrator, switching between companies is very simple. The attached screen shot shows how a drop-down list of companies is available; once chosen, the header changes and you are working in that company.
