When Adding A Branch Office, What’s The Best Way To Separate Your P&l's From The Corporate Office Located Out Of State

[Berwynne]

When adding a branch office in a different geographic region, what’s the best way to separate your P&L's from the corporate office located in another state where their overhead costs are higher?

[Raedclyf]

You just need to adjust your chart of accounts to reflect the branches properly. Depending on what system you use, you could specify each site with a unique branch code. These could roll up to consolidate the branches because of the main account numbers. Sources: My opinion and experience. Nikki 85 months ago Please sign in to give a compliment. Please verify your account to give a compliment. Please sign in to send a message. Please verify your account to send a message.

[Dougan]

Depending on what system you use, you could specify each site with a unique branch code. These could roll up to consolidate the branches because of the main account numbers.