Multi-entity and consolidation
Several companies kept as several sets of books, then consolidated properly into one view. Inter-company eliminated at close rather than argued about at year end.
ADDED TO YOUR MONTHLY FEE
+25% each
Roughly a quarter again per additional entity, because each one is its own ledger, its own reconciliations and elimination at close.
Book a free 30-min callYou are probably here because one of these is true.
Which version you need.
Running several entities and consolidating them are different problems. Some businesses need one, most eventually need both.
Segment reporting
- Class tracking for brand or division
- Location tracking for sites
- Separate P&L per segment
Set up once, runs monthly
Multi-entity bookkeeping
- Each entity kept as its own ledger
- Its own reconciliations and close
- Inter-company transactions tracked both sides
- Consistent chart of accounts across entities
- Per-entity reporting on the same cycle
Monthly, per entity
Consolidation
- Everything in multi-entity
- Inter-company balances eliminated at close
- Currency translation where entities differ
- One consolidated set plus the parts
At every close
What is in, and what is not.
Included in every multi-entity engagement
- Each entity maintained as its own ledger, closed on the same cycle
- A consistent chart of accounts across the group, so the parts add up
- Class tracking for brand, division or business line
- Location tracking where a business operates from multiple sites
- Inter-company transactions recorded on both sides as they happen
- Inter-company balances eliminated as part of the close
- Currency revaluation and translation where entities trade differently
- Per-entity reporting plus a consolidated view of the group
Not included
- Deciding your group structure. That is a question for your lawyer and your tax practitioner together
- Transfer pricing policy. We record what you decide and flag when a balance looks unsupported
- Statutory consolidated accounts for filing. We prepare the position, your filer files it
- Tax in any jurisdiction, at any level
- Setting up new entities. We will keep the books once they exist
Five stages, and the parts have to agree before the whole does.
Consolidation only works if each entity was closed properly first. Most group reporting problems are single-entity problems that nobody caught.
What you have at the end.
Named artefacts, not adjectives. Everything below is something you can open, forward or hand to a third party.
WHO DOES THIS WORK
A named senior accountant
ACCA-qualified · Bookkeeping department · Reviewed by Quality Assurance
Multi-entity work is staffed with a single senior accountant owning the whole group rather than one person per company, which is what stops inter-company balances drifting apart. Every close is checked by quality assurance before the consolidated view is issued.
Roughly a quarter again for each additional entity.
Each entity is a separate ledger with its own reconciliations, its own close and its own elimination work, so it is priced as an addition to your monthly fee rather than absorbed into it. Currency adds a further uplift.
Price your ongoing bookkeeping insteadQuestions we get asked.
Yes. We use class tracking in QuickBooks to produce separate P&Ls per brand, division or business line, and location tracking where a business operates from multiple sites. Several of our clients run this way. For genuine consolidation across entities we handle inter-company elimination as part of the close.
It is much easier if they are, and where they are not we will usually recommend consolidating onto one platform before consolidating the numbers. That is a migration, quoted separately, and we will tell you whether it is worth doing.
Then that gets fixed before we start reporting a group position, because a consolidation built on unmatched inter-company is a group number nobody can stand behind. It is usually cleanup work and it is quoted before we begin.
We prepare the consolidated accounting position and the supporting workings. Filing statutory accounts sits with your practitioner in the relevant jurisdiction, and we give them a pack they can work from.
Each entity is kept in its functional currency, then translated at close using rates agreed with you, with revaluation and translation differences posted rather than absorbed. The workings come with the pack.
Always. You get each entity standalone as well as the consolidated view, because a group number you cannot trace back to a company is not much use in a decision.
More on running several companies at once.
Case studies are anonymised and figures are banded. Nothing here identifies a client.