MULTI-ENTITY accounting software
Add subsidiaries. Not accountants.
Add entities in minutes. Consolidate in real time. Close with confidence, whether you have two subsidiaries or twenty.
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Every entity, one place.
Stop toggling between systems. Every entity in one view. Drill in, consolidate, and switch without losing context.
The multi-entity details that break other ERPs.
Intercompany
Fiatum posts the AR and AP simultaneously — both sides stay in sync automatically, so there’s nothing to reconcile at the end of the month.
Take the complication out of compliance
The right people
see the right entities
Control exactly who sees what by customizing access at every level.
Taxes supported
across every jurisdiction
VAT, GST, and sales tax calculated automatically.
Always ready
for your auditors
Full audit trail from source to posted entry.
Multi-Entity FAQ
Multi-entity accounting is the financial management of multiple subsidiaries, business units, or legal entities, all under one system, typically through an integrated general ledger within an ERP. The more entities operate under a company the more difficult and complex it becomes to manage their financial data. This is why businesses managing multiple entities often need multi-entity accounting software.
Single-entity accounting tracks the finances of one company or legal entity. Multi-entity accounting tracks multiple entities, each with its own currencies, tax rules, and reporting requirements, each of which may have different currencies and tax rules, and centralizes the data, automates processes, and consolidates financial statements.
Multi-entity accounting software helps businesses automate multi-currency transactions, simplify inter-entity activity, and consolidate reporting in one system. simplifying and automating inter-entity transactions, and consolidating reporting all in one system.
The best multi-entity accounting software should be a modern ERP system that can handle all the accounting nuances of multi-entity accounting like: Intercompany AR / AP, Fast set-up of new entities, AI intercompany netting, AI-guided allocations, Consolidated exchange rates and tax compliance across different jurisdictions. These all should work in harmony and help your team save hours and not spend more trying to learn a complex piece of software from scratch. So, if you are a growing team struggling with multi-entity accounting you should definitely consider giving Fiatum a try.
Fiatum is probably the best ERP software with multi-entity accounting features as it is AI native and offers automations other software weren’t built to offer. With Fiatum AI’s netting and elimination tools you can automatically create transaction settlements and post elimination journal entries. AI-generated allocation suggestions based on your data and preferred form of expense distribution will save you tons of time and streamline closing. With real time reporting you can run subsidiary-level or consolidated reports at any time, without needing to wait until the month end, And these are just a few of Fiatum’s multi-entity features. To learn more contact us here.