Many firms and branches, one set of true numbers.
Multi-entity and consolidation is for business families that run several companies, firms and branches, often with shared customers, suppliers and staff. Each entity keeps its own legal books, yet you can see the group as one. Sales and loans between your own entities are matched and taken out, so group turnover and profit are not overstated.
Keeps separate books for each company, firm and branch in one system. Books inter-company entries on both sides and removes them when producing group accounts.
Inside the module.
Separate books
Each company or firm has its own ledgers, voucher numbering and GSTIN.
Shared masters
Create a party or item once and use it across entities.
Inter-company entries
A sale or loan in one entity creates the matching entry in the other.
Inter-company elimination
Balances and transactions between your own entities are removed in group reports.
Group accounts
Consolidated trial balance, profit and loss and balance sheet.
Entity-wise rights
Users see and post only in the entities they are allowed.
Part of 4 products.
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ViewIndustries that rely on it.
Questions, answered.
Can I move between companies without logging out?
Yes. All entities sit in one system. A user with rights to several can move between them, or view them together in group reports.
How do I know inter-company balances agree?
Both sides are posted from one entry, so they start in agreement. Group reports show the balance each entity holds with the others, so any difference stands out.
Can a party's dues be seen across all firms?
Yes. With shared party masters you can see what one customer owes each of your firms, and the total across the group.
Which Kreon products include multi-entity and consolidation?
Multi-entity Accounting, Financial Management Software, Business Intelligence and Dashboards, Compliance Calendar and Task Tracker. It can also be added to a custom system.
Tell us what is slowing your business down.
We will tell you, honestly, whether software can fix it. If it cannot, we will say so.