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Inter-company budget

In groups of companies, there are usually cash flows between the companies of the group. These are referred to as inter-company relationships.

In COMMITLY, inter-company budgets can be created in the Forecast:

  • A budget is created in one company

  • This budget is shown mirrored in another company in the same period.

  • The budget can be edited or deleted. The change is applied in both companies.

Example:

Company A grants Company B a shareholder loan of 150,000.

Create a budget in the company that grants the shareholder loan:

  • Click the relevant category in the relevant month and click Create budget

  • Select the option Inter-company

  • Select the second company (inter-company) and the category in the inter-company company.

  • Enter -150,000, since the loan is an outflow.

In the budget list in the side panel, inter-company budgets are marked I/C.

In the inter-company company (in this case “Company B”), the loan is shown as an inflow of +150,000.

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