xtendSegment
Introduction
xtendSegment is utilised when an company runs a segmented Chart of Accounts and do cross segment posting. XtendSegment runs a Loan account system between segments to ensure the balancing of the Balance sheet per Segment.
Features and Functionality
- Ensure that Segment balance sheets always balance
- Keeps track of cross segment transactions and post a balancing transaction to the Loan accounts of such segments.
Advantages
- No manual balancing of segments
- Balance sheets on segments are always balanced.
- Loan account tracking between all segments.
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