Intercompany Cross Charging
All successful companies constantly strive to remove unnecessary cost. Centralizing services and then re-allocating the proportional cost back to subsidiaries, can often achieve this. However, in large organizations, challenges can arise with the allocation process, as this typically needs to span different ledgers and systems, which can be difficult using current ERP solutions.

These challenges are not a limitation in the Virtual Trader solution as from the very outset, it was designed to operate not only across multiple ledgers but also multiple systems and even non-Oracle solutions.

Ex-Pat Payroll Cross

Virtual Trader automates the creation of intercompany accounting to cross charge payroll expenses for ex-pat employees temporarily seconded to other business or projects.

Virtual Trader handles cross charges across different ledgers, COA, instances or even different systems.

Can be operated from journals passed into General Ledger from Payroll or from other sources such as spreadsheets or manual journals.

Stocks/Shares Recharges

Virtual Trader automates the creation of intercompany accounting to cross charge stock/share options schemes.

Virtual Trader handles cross charges across different ledgers, COA, instances or even different systems.

Can be operated from journals passing into General Ledger or from other sources such as spreadsheets or manual journals.

Cost Allocations

Virtual Trader allows expense only journals, and automates the creation of the intercompany journal lines, without needing to rely on the Oracle General Ledger Auto Balancing.

Virtual Trader handles allocations across different ledgers, COA, instances or even different systems on a single source journal.

Virtual Trader also supports client specific cost allocation methods.

Journal Entry & Management Recharges

Virtual Trader provides an optional manual journal entry facility. The main advantage of this facility is that it can accommodate journals with lines that cross sets of books/ledgers.

This will provide validation for entries on different Chart Of Accounts even when associated with different instances of Oracle, or even non-Oracle applications.

The facility handles either direct submission or sender/receiver approval procedures.

This facility is particularly useful for handling management recharges, where the requirement to post to multiple companies, most often within different books or ledgers, occurs frequently.

Spreadsheet Import & Process

Supports the loading of spreadsheets directly from the users desktop to interfaces in Virtual Trader.

This feature is not restricted to pre-defined spreadsheet layouts. A simple spreadsheet mapping facility allows all client-specific spreadsheet layouts to be accommodated.

Multiple spreadsheet definitions can also be handled.

Furthermore, this feature is not restricted to just accounting journals. This has been used to import stock options, payroll cross charges, cash funding schemes etc.

Intercompany Invoice Print

Where a receivables application is used to produce intercompany transactions, this will usually provide an invoice print capability.

However intercompany can arise in many places and using receivables to get an invoice print is not always a viable or desirable option.

Virtual Trader can produce intercompany invoice documents as an alternative to a receivable sub-ledger. Documents can be produced against any transaction processed through the product, regardless of its origin.

Documents can be produced as discrete invoices, but as these are generally for audit and compliance purposes, more commonly these documents are produced in a consolidated listing style.

As these documents are produced through the standard Oracle BI Publisher functionality, the client can customize the layout of their invoicing through the templates provided by Virtual Trader.

Virtual Trader has functionality to provide invoice numbering, which is usually sequenced by company or by Tax Registration.