What feature should a company use to manage inter-entity transactions?

Using a multi-entity shared environment is the most effective approach for managing inter-entity transactions in Sage Intacct. This feature allows organizations with multiple entities or divisions to share common data and streamline financial processes across these entities.

In a multi-entity environment, each entity can transact with others seamlessly while maintaining their separate financial records. This means that inter-company transactions are automatically tracked, and balances can be managed efficiently. The consolidation capability helps to ensure that financial reporting is accurate and that all inter-entity transactions are properly reflected in the financial statements.

Moreover, this environment supports automated financial procedures, which reduces the potential for errors in manual processing and enhances the transparency of inter-entity transactions. Such efficiency is crucial for companies that operate in complex structures with various entities, as it simplifies the reconciliation and reporting process, ultimately saving time and resources.