Cross-charges
Raised in one company, posted in both.
Goods and costs move between the companies in a group all month. Today that surfaces at month-end, when the sending site tells finance and the company being charged finds out last. Finio raises it as it happens, gets all three sides to agree, and posts both ledgers.
How it runs
At month-end, or the minute the goods move.
Soho sends 4 cases to Shoreditch
Tue 5 Aug, 18:40 · £186.00
Today · at month-end
Up to four weeks after the goods left the building — and the company being charged is the last to know.
Raised the minute it happens
And it takes all three to post
Sending
Soho Ltd
✓ Raised it18:41
Finance
Head office
✓ Approved18:52
Receiving
Shoreditch Ltd
✓ Approved19:06
Posted to Xero, 19:06
Both sides, from the one event
Recharge out
Soho Ltd
+£186.00
Cost in
Shoreditch Ltd
−£186.00
One event, both ledgers — so there is no intercompany left to reconcile.
The same movement into your inventory system, not just the ledgers.