Where must a checking account be created to utilize automated inter-entity transactions?

To utilize automated inter-entity transactions in Sage Intacct, a checking account must be created at the top level. This is because inter-entity transactions require a centralized approach for managing financial activities across different entities or branches within an organization.

Creating the checking account at the top level ensures that it can be accessed and used by all entities involved in the inter-entity transactions. This setup is essential for maintaining accurate records and streamlining the process of transferring funds between entities. It allows for the configuration of automated processes that track and manage these transactions more efficiently, which is critical for financial reporting and reconciliation.

If checking accounts were created at the branch, department, or cash management module levels, it could lead to complications in managing inter-entity transactions as there would be no unified structure to facilitate the transactions effectively across different levels of the organization. Thus, establishing the checking account at the top level is crucial for the successful implementation of automated inter-entity transactions.