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Two companies, single tenant with one GL account and two bank accounts


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Is there a way to have two companies in the same tenant have two GL accounts of the same account number and use sub-accounts to assign for different account numbers?
For example, in SWEETLIFE there is GL account 10200 - CASHASSET, and I want to use a sub-account code to assign to “Company Checking Account” and use the same GL account 10200 - CASHASSET for TOADGREEN BUT I want the cash to flow to different sub-accounts which are two different bank accounts.  I know that Acumatica does not allow duplicate GL accounts in the same tenant.  (see screen shot below)
 

 

Best answer by meganfriesen37

Yes, but you have to do this on the Cash Accounts screen and they will need to have unique IDs (so mine are 10002-CSS and 10002-CTS for the two different companies.  In hindsight, I wish I would have just given them two different GL accounts though as it makes it clearer on the financial reports.  I set this up when I was just learning Acumatica.
 

We have 2 companies in our environment that share one “cash clearing” account
Company 1:

Company 1 - Account 10002

Company 2:

Company 2 - Account 10002

 

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2 replies

meganfriesen37
Captain II
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Yes, but you have to do this on the Cash Accounts screen and they will need to have unique IDs (so mine are 10002-CSS and 10002-CTS for the two different companies.  In hindsight, I wish I would have just given them two different GL accounts though as it makes it clearer on the financial reports.  I set this up when I was just learning Acumatica.
 

We have 2 companies in our environment that share one “cash clearing” account
Company 1:

Company 1 - Account 10002

Company 2:

Company 2 - Account 10002

 


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  • Author
  • Semi-Pro II
  • 62 replies
  • June 21, 2024

Thank you @meganfriesen37 for the quick response


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