Adding divisions as standalone entities to Fathom

It is possible to analyse a single division (class, department, location, tracking category, job, or category) as a standalone entity. This will allow you to add a budget for this division to Fathom, to forecast on the divisional level, and also to consolidate this division with other entities.

To do this, you will need to import a division as a separate entity. Each standalone division will be considered as 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 Excel (Xero and MYOB AccountRight Live) or QuickBooks Online.

Note: Only Xero, QuickBooks Online (not Advanced), and MYOB AccountRight Live companies can import divisions as standalone entities into Fathom.

Importing a division as a standalone company

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

  1. On the ‘My Companies’ page, select the green ‘Add’ button in the upper right corner

  2. Choose ‘Company’

  3. Select either Xero, QuickBooks, or MYOB, depending on the parent company

  4. Select the 'import a single division option'.

  5. Select an existing company which you have imported into Fathom

  6. Select one division from that company

  7. Click 'Import' to commence the import of the division into Fathom as a standalone entity.

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

Frequently Asked Questions

Will this affect billing?

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

Can I import a budget for a standalone entity?

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

Can I create a forecast for a standalone division?

Yes. Fathom enables you to create a forecast for standalone divisions as you would for 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:

Can I import another division from within a standalone entity?

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

Next Steps

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

What you want to do:

Next step in process:

Want to import a budget for your standalone entity?

Happy with your budget and ready to begin setting up your Company Profile?

Additional knowledge & common questions:

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