Subsidiary
In Arabic الشركة التابعة
A subsidiary is a company owned or controlled by another company, the parent, while remaining a separate legal entity with its own books and tax registration.
In plain words
Distributors open subsidiaries to enter a new country, separate a business line or keep a branch’s risk apart. Each one has its own registration, tax number and often its own currency, so each needs its own books, documents and number sequences.
In an ERP a subsidiary is usually set up once with the facts that do not change: its country, its currency and its fiscal year. Users are then tied to the subsidiaries they work in, so a clerk in one company does not see another’s customers.
The common mistake is running two legal companies as one, with a branch flag on each document. Invoices then share a number sequence, tax filings have to be pulled apart by hand, and the books of neither company stand on their own.
In Axon Suite
How Axon Suite handles it
In Axon Suite each subsidiary has its own currency, country, fiscal year, time zone and document numbers. A user is tied to one subsidiary or works across the whole account.
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