Multi-company
In Arabic تعدد الشركات
Multi-company is the ability of one business system to run several legal entities side by side, each with its own books, currency, numbering and users.
In plain words
Groups often trade through more than one company: a branch in another country, a separate entity for one line of business. Running each in its own system multiplies logins, item lists and month-end work. Multi-company keeps them in one place, while each still keeps its own books and tax registration.
A subsidiary is one of those companies; multi-company is the system’s ability to hold several of them. It is also not the same as consolidation, which combines their accounts into one set of group statements and removes the trade between them. A system can be multi-company without consolidating.
The common mistake is giving every user access to every company for convenience. Staff then post into the wrong entity, or see another company’s customers and prices. Tie each user to the company they work in, and give the whole group only to those who need it.
In Axon Suite
How Axon Suite handles it
Axon Suite runs several subsidiaries under one account, each with its own currency, fiscal year, time zone and document numbers. A user is tied to one subsidiary or works across the whole account, switching from the top bar.
Feature
Several companies, one account
Add every subsidiary with its own currency, country, fiscal year, time zone and document numbers. A user works in one subsidiary, or across the whole account with a switcher in the top bar.
Open: Several companies, one account