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Financial consolidation software

Consolidate hundreds of entities in minutes, not days – and boost productivity by more than 50%.

Entities All Manage views Include inactive Advanced filters Clear all filters (1-4 of 4) Entity ID Open books from Entry Name Federal ID Edit 10 Toronto 10-000023 06/06/2022 Switch to Entity Delete View Edit 20 Montreal 10-000835 06/06/2022 Switch to Entity Delete View Edit 30 Calgary 10-522610 06/06/2022 Switch to Entity Delete View Edit 40 Vancouver 10-986270 06/06/2022 Switch to Entity Delete View Add Done Export Import Revenue by Entity Calgary Toronto Montreal Vancouver

Trusted by

White Ribbon Alliance

Automation and productivity highlights

Go global with robust, accurate, and easy multi-currency accounting software
Save time and reduce errors with automated financial consolidation software
Increase visibility with flexible, fully up-to-date local and global reports
Save days of time managing inter-entity transactions
Profit and Loss - by Entity Net Income (loss) Gross Profit Sales Sales Total Sales Total Gross Profit General and Administrative Benefits Health Insurance Office Expense Internet Services Office Expense Rent Total General and Administrative 12,000.00 12,000.00 1,752.50 52.50 1,200.00 12,000.00 500.00 10,247.50 7,954.00 1,373.25 73.25 800.00 7,954.00 500.00 6,580.75 7,954.00 14,518.00 2,800.00 150.00 2,150.00 14,518.00 500.00 11,718.50 14,518.00 Year to date
06/06/2023 Year to date
06/06/2023 Year to date
06/06/2023 Maine Florida California Total Net Income (Loss)

Bring it all together—quickly and accurately

If your multi-location organization faces complexities—decentralized payables, inter-entity transactions, multiple currencies, global consolidations—you’re ready for Sage Intacct.

  • Built for multi-entity accounting and multi-currency accounting
  • Automate currency conversions, inter-entity transactions, local tax reporting, and more
  • Eliminate manual effort from the financial consolidation process so you can close the books faster

Continuous multi-entity consolidation accounting

Get granular visibility with eliminations and currency impacts recorded as journal entries, and easily make post-consolidation adjustments with a click. With Sage Intacct, your financial statements are ready when you are.

  • Close the books faster and view interim summary figures at any time
  • View inter-entity transactions together with the source entry as one journal entry transaction to improve traceability
  • Automate intercompany eliminations at the point of consolidation, and consolidate complex ownership structures such as minority and partial ownerships 
Automatically display all ready-to-pay bills on the Pay Bills page. Payment method Currency USD Payment method Check Pay Bills Defaults Enable bill approval Enable notifications Unrestricted emma-Emma - Controller Approval policies Manage... Bill approval settings Enable bill approval Enable notifications Bill approval settings CAD ZAR AUD GBP Find USD Configure Account Payable

Easy multi-currency accounting software

We automate everything related to managing multiple currencies, using up-to-date exchange rates for conversions and revaluations for time-saving accuracy.

  • Automate conversions for transactions and reporting in multiple currencies across the globe
  • Creates cumulative translation adjustments (CTAs) for ASC 830/FAS- 52-compliant multi-currency consolidation accounting
  • Produce reports in headquarters currency or the local currency of the subsidiary or parent company

Set-up made simple

Instantly set up new entities with configurable rules for inter-entity transactions, bank accounts, and more. You make the rules – Sage Intacct makes it easy.

  • Easily consolidate new entities by inheriting existing lists, process definitions, and charts of accounts
  • Quickly configure unique definitions each new entity with total control
  • Centralize assets or set up multiple charts of accounts - you have total control
Entity information Inter-entity setup Entity Information EMP-0004–Jenson, Jodi Active TAMPA-EAST Tampa East * Name Manager | Status * ID Tax ID Entity Enable as the elimination entity

Unified multi-entity architecture

Simplify financial consolidation by sharing vendor, customer, and item lists across entities. Our unifying financial consolidation accounting software architecture handles:

  • Domestic and global locations
  • Single and multiple base currencies
  • Simple to complex ownership structures

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Celine Okoh

CFO, White Ribbon Alliance

After a wide-ranging evaluation process, we narrowed our options down to Sage Intacct or Oracle NetSuite. Sage Intacct’s cloud-based system ended up as a clear choice over Oracle NetSuite because of its impressive multi-entity and multi-currency capabilities, as well as the great experience we had with the Sage Intacct team.

Frequently asked questions

Financial consolidation is the process of combining assets, liabilities, and other financial data of two or more entities into one. Without automating financial activities, consolidations can be a drain on time to manually manage complexities in a multi-location organization, such as decentralized payables, inter-entity transactions, or multiple currencies.

Tracking hundreds, perhaps thousands, of inter-company transactions using spreadsheets is error-prone and time-consuming—taking days or weeks to consolidate. Financial consolidation software like Sage Intacct helps automate multi-entity accounting and multi-currency accounting:

  • Automating inter-company eliminations
  • Automating currency conversions and revaluations
  • Complying with ASC 830/FAS-52 multi-currency consolidation, creating cumulative translation adjustments (CTAs)

After setting up your entities’ books, running the consolidations processes is easy. Simply select the books to consolidate and period range and click the consolidate button. You can even set up a recurring schedule of how often you want to consolidate so the process can run in the background.

This comprehensive automation translates to getting your consolidated financial reports in a fraction of the time it takes with manual consolidations processes, leading to reduced close time and improved accuracy. Every stakeholder gets the right view of performance with streamlined financial management and reporting.

Here are just a few examples of how organizations achieved greater efficiency and visibility.

Jumpstart, a venture development nonprofit, managed consolidations across complex multi-entity operations to more than double the speed of planning cycles and increased budget accuracy by 90%.
Tandem HR, a custom HR solution provider, cut 500 hours annually and increased EBITDA 195% through data-driven decision making made possible with faster, accurate financial information.
Rivr Media, a television producer, streamlined inter-company financial processes to shorten the monthly close by 3 to 5 days and save over 125 hours per month.

Sage Intacct financial consolidation software is ideal for setting up and consolidating up new entities. Existing practices, perhaps with similar business models, can be used to quickly configure the accounts of new entities. In-system report writers can adjust to the reporting needs and meet different GAAP and industry requirements. You can adapt the chart of accounts to meet the needs of the new business unit. Configurable rules for inter-entity transactions, bank accounts, and more—keeping new entity setup easy and consistent.

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