ADempiere, Open Source Accounting and ERP, has some nice multi-national features including:
- Multiple accounting schemas
- Dynamic element posting
- Multiple calendars
- Multiple organizations/books and consolidated reporting
The Account Schema allows you to have multiple sets of books for the same organization. For any given schema, you can: (a) define the default sets of accounts or (b) choose what elements post to the GL (BP, Product, Campaign, etc…).
Here are some examples of what you can do with multiple accounting schemas:
- You can have different rules for how you recognize or defer revenue.
- You can show a balance as an owner equity in one schema and a liability in a different schema.
Dynamic Element Posting
When documents post, they dynamically pull the relevant document details like Organization, Product, Business Partner and amounts then post them to the respective Accounting Schemas and Calendars.
Dynamic element posting is what makes ADempiere so capable at managing multiple organizations/books within the same login. Your transactional documents are assigned an organization. The accounting consequences (posting) automatically gets tagged with that organization.
When you produce your financial reports, you simply choose which organization, schema and calendar you want to report.
These features greatly help when you consolidate multiple sets of books across multiple currencies and report using multiple standards.
For more information about ADempiere’s ability to manage multi-national business, read the ADempiere Review for Wholesale and Web Distribution.
I hope this helps!!
About Chuck Boecking: I am an ERP educator. I believe that open source ERP have achieved mainstream capabilities, and as a result, more companies can create greater efficiency across their organization. I started using the iDempiere code base in 2003. Back then, it was called Compiere. In 2006, I started my first multi-million dollar installation. Since then, ADempiere has helped me create great success with distribution and manufacturing companies all over the world. My vision of success is to find companies that can best use open source ERP to help them achieve a single, global instance that drives a discontinuous increase in profitability. I believe that organizations win when they own their technology.
If you have questions, comments or concerns, let me know. I definitely want your feedback.
You can contact me by phone using 512.850.6068.
My email is email@example.com.
You can complete the form on this page.
Thank you for taking the time. I look forward to speaking with you.