Multi-entity & consolidation
Every Entity Closed. Both Sides Tie Out.
Who does what
What’s Automated. What a Person Owns.
Written back · March
“The loan from the Korean parent is repaid in dollars, with interest at 4.6%.”
Agreed once, so both companies carry the same balance every close.
✦ Automated
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Each entity’s transactions categorised and reconciled as they land
✦
Every answer remembered for the entity it belongs to, so nothing is asked twice
A licensed CPA owns
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A separate close for each entity, confirmed before it ships
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Intercompany balances agreed on both sides, and eliminated in consolidation
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Currency translation for entities outside the US
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The consolidated statements
What’s included
Built for More Than One Company
01
A separate close and statements for each US entity
02
Intercompany invoices calculated and booked on both sides
03
Intercompany balances reconciled every close, with any difference explained
04
Eliminations, so the consolidated numbers count each dollar once
05
Currency translation when a parent or affiliate keeps its books abroad
06
A consolidated P&L and balance sheet, monthly or quarterly
Why it runs on one context engine
01
Both sides, one record
An intercompany invoice is booked in both companies from the same entry, so the two sides agree before consolidation starts.
02
Consolidation every close
The consolidated statements arrive with each close, not as a year-end project for the audit.
03
The return already knows
Payments with a related company abroad are tracked as they happen, so Form 5472 is ready when the return is.
FAQ
Questions
Does each company get its own close?
Our parent company is outside the US. Can it be included?
How is it priced?