Multi-entity Accounting
This multi company accounting software keeps separate books for each of your companies, firms and branches, and gives you the group picture from the same data. It suits promoters and finance heads who wait weeks for a consolidation built in Excel. What it gets right is inter-company entries: you post once, and both sides agree.
CFOs, Group finance heads, Accountants, Auditors, Promoters
Web
Built for the way your trade works.
Suits promoters who run several companies, firms and branches and wait weeks for a group picture built in Excel. Inter-company entries are booked once and cancelled out in group reports.
Run many companies, firms and branches in one login with separate books
Post inter-company sales, loans and expenses once, with both sides booked
Remove inter-company balances automatically in group reports
- Consolidate trial balance, profit and loss and balance sheet across entities
- Share one chart of accounts, with entity-specific ledgers where needed
- Compare entities and branches side by side for any period
- Restrict each user to the companies and branches they handle
- Allocate common costs such as rent and salaries across entities by rule
- Reconcile inter-company ledgers and flag differences
- Handle separate GSTIN, PAN and TAN for each entity
A day's work, in order.
Entities are set up
Each company or firm gets its own books, GSTIN, PAN and TAN on a shared chart of accounts.
Daily entries posted
Each accountant works only in the companies and branches assigned to them.
Inter-company booked once
A sale, loan or shared expense between two entities is posted in both books together.
Common costs split
Rent, salaries and other shared costs are divided across entities by the rule you set.
Ledgers are agreed
Inter-company ledgers are compared and any difference is flagged before closing.
Group reports run
Trial balance, profit and loss and balance sheet are consolidated, with inter-company balances removed.
10 modules, one set of books.
Each module writes to the same records, so stock, production and accounts never disagree.
Multi-entity and consolidation
Keeps separate books for each company, firm and branch in one system.
About this module Finance and complianceAccounts and ledgers
General ledger, vouchers, cost centres, trial balance, profit and loss and balance sheet.
About this module Finance and complianceReceivables and payables automation
Bill-wise outstanding with ageing, credit limits and automatic payment reminders to customers.
About this module Finance and complianceBank reconciliation
Imports the bank statement and matches it with book entries by amount, date, cheque or UTR number.
About this module Finance and complianceGST returns
Prepares GSTR-1 and GSTR-3B from books, reconciles purchases with GSTR-2B and tracks input tax credit.
About this module Finance and complianceTDS and TCS
Deducts TDS on payments and bills by nature of payment and party type, with threshold and lower-deduction certificate…
About this module Finance and complianceFixed assets
Asset register with location and custodian, depreciation under Companies Act and Income Tax rules, and entries for…
About this module Data, AI and integrationBI dashboards
Live charts of sales, collections, stock, production and cash, with drill-down to the entry behind each figure.
About this module Finance and complianceBudgeting and cost centres
Sets budgets by department, project, branch or product line and compares them with actuals every month.
About this module Finance and complianceAudit trail and user rights
Keeps an edit log of every voucher and master: who created, changed or deleted it, when, and the old and new values.
About this moduleUsed across industries.
Multi-entity Accounting is used by manufacturers, traders, distributors and service businesses alike, and is shaped to the trade it runs in.
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ViewQuestions, answered.
Our group has a private limited company, two partnership firms and a proprietary concern. Can all sit in one system?
Yes. Each entity keeps its own books and tax registrations, whatever its constitution. Group reports then combine the ones you choose, so you can see the family business as a whole or any part of it.
How are inter-company balances removed in the group balance sheet?
Because both sides of an inter-company entry are booked together, the balances match. Group reports drop these matched balances, so sales and debtors are not counted twice. Any ledger that does not match is listed for correction.
Can the accountant of one company see the books of another?
No, unless you allow it. Every user is restricted to the companies and branches they handle. The group finance head and the auditors can be given a view across all of them.
Does it work for a group with a factory, a trading firm and showrooms?
Yes. The manufacturing company, the trading firm and each showroom or branch keep their own books, and goods sold between them are booked as inter-company sales. You can compare them side by side for any period.
Does Multi-entity Accounting work on mobile?
It runs in the browser (Web), so it opens on any computer, tablet or phone. A dedicated mobile app can be added for teams that work on the move.
Can Multi-entity Accounting be changed to fit how my business works?
Yes. Kreon builds and supports it, so screens, reports, approvals and rules are shaped to your process. Tell us what is different about the way you work and we will show you how it fits before anything is built.
See Multi-entity Accounting working.
Book a demo and we will walk you through it with examples from your own trade, then tell you plainly what would need to change for your business.