Example of Single Company and Multi-company Operations Using Cost Centers

This section details the ‘balancing’ accounts assigned for single-company and multi-company transactions in a cost center environment. This section details the ‘balancing’ accounts assigned for single-company and multi-company transactions in a cost center environment, as applied to Wire Transfers. The same principle applies to both ‘bank’ and ‘payment’ wires.

Part I - Installation Setup

Part II- Multi-company Wires

Example #1: Wire #4 - Multi-company wire (entered in company AAA)

Example #2: Wire #5 - Multi-company wire (entered in company AAA)