SERVICE · MULTI-ENTITY

Multi-entity books, consolidated.

The second entity is where small finance teams break. A US subsidiary, a holding company or an acquired business doubles the close, introduces intercompany balances that never quite agree, and makes the group numbers a spreadsheet exercise. Solvebooks closes every entity on the same calendar and produces consolidated numbers as part of the month-end, not as a project after it.

Animated consolidation: three entities with intercompany flows; the flows are eliminated and the entities merge into one consolidated group.

WHAT IS INCLUDED

Entity-level closeEach entity closed to the same standard, on the same timetable. See month-end close.

IntercompanyIntercompany charges booked both sides, balances agreed monthly, settlements scheduled, eliminations posted.

Multi-currencyFunctional and presentation currencies handled correctly; FX gains and losses explained, not discovered.

Consolidated reportingGroup P&L, balance sheet and cash flow with entity detail, in your reporting model or ours.

US subsidiary booksUS entity books maintained alongside the Canadian parent, with filing support coordinated with your US advisors. See tax.

Acquisitions and new entitiesOpening balances, chart-of-accounts alignment and clean-up for entities that arrive mid-year.

HOW IT RUNS

MonthlyAll entities closed together; intercompany agreed before the consolidation runs; group pack delivered with the close.

QuarterlyIntercompany settlements and transfer-pricing true-ups where the group's agreements require them.

AnnuallyEntity and group year-ends prepared from months that were already consolidated.

The work is done inside your systems; a CPA Ontario-registered accountant reviews every output and is accountable for it. You keep final sign-off. How the firm works.

WHO IT IS FOR

US companies with a Canadian entity (or the reverse), groups with a holding company structure, and companies integrating an acquisition.

A conversational-AI company's US and Canadian books consolidated as part of a close that now takes two working days.

QUESTIONS

Do we need consolidation software?

Usually not. Entity ledgers stay in Xero or QuickBooks Online; consolidation runs in a controlled reporting model that reconciles to each ledger.

Can you fix intercompany balances that have never agreed?

Yes; it is one of the most common starting points. We rebuild the intercompany history to a point where both sides agree, document the differences, and keep them agreed monthly from then on.

Email us to set up a process review. Bring your last close and your reporting pack.

Email us to set up a process review

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