The reason behind starting a new company is to get tax benefits or really expand a business across multiple countries. In most cases, the role of the subsidiary company is to buy from the company and sell to the local market. After all, the role of the head office is to track and control the expenses of subsidiary companies, get the profitability for each company, and generate the global profit and loss statement and balance sheet at the end of the financial year.
Let's see how we can consolidate the profit and loss statement and balance sheet, allow the chief finance officer to see and control the subsidiary and set up the intercompany invoicing between subarray companies.
