Entities
Keep books and responsibilities distinct by legal entity.
Cross-border accounting
Make multiple entities and jurisdictions close as one operating system.
VARISUM can scope the recurring accounting layer across entities, currencies and reporting requirements while coordinating—rather than pretending to replace—local regulated tax, payroll, audit or statutory providers.
Request cross-border accounting scopeThe problem
Each entity can be correct while the group picture is still wrong.
Cross-border accounting requires explicit responsibility for currencies, intercompany activity, close timing, local adjustments and management reporting.
Currencies
Record and reconcile multi-currency activity under the agreed accounting basis.
Intercompany
Track related-party balances and elimination/support schedules where in scope.
Local dependencies
Coordinate local requirements with the appropriate providers rather than making unsupported jurisdiction claims.
Methodology
A documented multi-entity close.
Map the group
Document entities, jurisdictions, currencies, systems, reporting basis and advisor responsibilities.
Define the close
Set transaction, reconciliation, intercompany and period-close responsibilities by entity.
Coordinate local inputs
Identify where local accounting, tax, payroll or filing work requires separate qualified providers.
Report coherently
Produce the agreed entity and management reporting outputs from a documented close process.
Inputs
- • Entity and ownership map
- • Countries/jurisdictions and functional/reporting currencies
- • Accounting systems and data sources
- • Intercompany transaction types and balances
- • Local accountant/tax/payroll responsibilities
- • Required entity-level and group-level reporting
- • Close timetable and decision users
Deliverables
- • Cross-border accounting operating map
- • Entity bookkeeping/reconciliation scope as contracted
- • Intercompany schedules and open-item controls
- • Agreed entity or consolidated management reporting outputs
- • Local-provider dependency and responsibility register
Consolidation, transfer-pricing, statutory filing, tax and audit services are included only when specifically contracted and delivered by the appropriate qualified provider.
Map the entities and reporting requirement.
The scope builder captures the operating context and creates a VARISUM commercial request for review. Scope and terms are confirmed in writing.
Open scope builder