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It is possible to analyse a single division (class, department, location, tracking category, or job) as a standalone entity. Importing divisions as standalone entities enables you to:

Each standalone division has the functionalities of a single company and is considered a company in Fathom for billing purposes.

After a division has been imported as a standalone entity, you can import a budget for the division from QuickBooks Online, Xero, or Excel (for standalones from MYOB AccountRight Live).

❗Notice: Only Xero, QuickBooks Online, and MYOB AccountRight Live companies can import divisions as standalone entities into Fathom directly from the source accounting system.

You must first import the parent company into Fathom to import a division as a standalone entity. Then,

The selected division will now be visible as a company on the 'My Companies' page in Fathom. You can update the divisional data, add a budget, analyse metrics, create a forecast, and generate reports for the standalone division like any other company in Fathom.

If you are importing parent and child divisions as standalone entities, the standalone parent divisions will include the child amounts as well as the parent amounts.

Example: A plant nursery has a 'Flowers' parent class. The child class amounts under the parent class will roll up into the parent class for the standalone parent class entity. If the child classes are imported as standalone entities, they will reflect the child class amounts in QuickBooks.

If you are importing divisions as standalone entities and planning on consolidating the standalones, we recommend importing only the child divisions (If amounts are not assigned to the parent divisions in QuickBooks) or only the parent divisions as standalone entities. This will prevent double-counting when consolidating the standalone entities.

Yes. Please note that each division imported as a standalone company will have access to all of the analysis, forecasting, and reporting tools in Fathom. Therefore, each standalone division is treated as a separate entity for billing purposes.

If you have questions or concerns about billing for standalone entities, please contact us at support@fathomhq.com.

Yes. Fathom enables you to add budgets for divisions imported as standalone entities. You can view the Adding Budgets for Divisions help article for more detailed information on this process.

Yes. Fathom enables you to create a forecast for standalone divisions like any other company. You can then create a consolidated group out of the standalone divisions and use a consolidated forecast to forecast at the parent company level. For more detailed information on this process, view the following help articles:

No. Fathom does not allow you to nest divisions within standalone entities. Each division must be imported as an individual entity.

Congratulations on adding your division as a standalone entity to Fathom! Finish setting up your standalone division for analysis, reporting, and forecasting:

Additional knowledge & common questions: