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Background

Many Workbench clients run more than one business, often as separate legal entities.

A common example is where the plant operations and assets reside in a separate company than the projecting business.

Workbench handles this multi company scenario within a single database by means of Financial Companies (Fincos).

The various entities in Workbench each reside in a specific Finco:

  • Jobs (through the Profit Centre)

  • Clients

  • Suppliers

  • Plant Items

  • Employees

Inter company occurs where there is activity across Fincos:

  • the job on an AP Invoice line is in a different FinCo than the supplier

  • the job on an Plant issue transaction is in a different FinCo than the plant item

  • the job on a Timesheet line is in a different FinCo than the employee

In these case both sets of "accounts" need to reflect what has happened, recognise the costs and revenue correctly in the right place, and show how things are between the Fincos.

The approach is to create actual AR and AP invoices in the "selling" and "buying" Fincos, to provide real arms-length transactions between the FinCos.





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