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Create unique dashboards designed specifically for each entity, depending on the desired data. Dashboards: Compare sales between entities.Let a company purchase raw materials from another. Transfer money from one company to another. Inter-Entity Accounting: Handle intercompany billing by having your software break up invoices among multiple entities and create separate billing dates.Consolidated Reports: Drill-down to a specific location or department, or upwards to look at the financial performance of your organization as a whole.Shared Master Files: Lets files be accessible for all entities, including vendors, customers, and other chart of accounts.Features of Accounting Software for Multiple Entities Multi-entity accounting software such as Xledger can create in-depth profit and loss reports. This leads to books being closed faster, faster creation of reports, and centralized payables and receivables with multiple charts of accounts. It can also let management visualize successful vs struggling operations and rely less on receiving this information from a specific bookkeeper.Īccounting software for multiple entities also provides the benefit of eliminating duplicate data entry and any use of manual spreadsheets to consolidate company files. These multi-location organizations may have issues with decentralized payables, different currencies, and transactions between entities.įinancial management software for multiple entities lets data be posted in a way that lets the separate entities monitor the performance of other locations or branches. Growing companies may find the need for multi-entity accounting software once they begin to expand by opening up a new location. It can also include multi-currency support for international business needs.

This unified accounting database helps improve your cash flow and will set up capabilities such as centralized accounts payables (expenses), receivables (invoices), and general ledger reports. What is Accounting Software for Multiple Entities?Īccounting software for multiple entities is a unified accounting system for organizations with multiple locations or separate business units operating under one organizational arm. What is Accounting Software for Multiple Entities?.