Multi-Entity Consolidation

At Neo-Entrust, we specialize in delivering comprehensive multi-entity accounting services designed to streamline and enhance the financial management of complex organizational structures. With a focus on precision, efficiency, and compliance, we are committed to supporting businesses that operate multiple entities across diverse industries and jurisdictions.

The multi-entity accounting process involves several key steps
  • Partial Ownership Considerations: Different accounting methods apply depending on the parent company’s ownership stake in each entity.
  • Matching Fiscal Periods: Aligning reporting periods between parent and subsidiary companies, with a maximum allowable difference of three months.
  • Currency Consolidations: Calculating exchange rates and consolidating currencies for accurate financial statements.
  • Intercompany Eliminations: Eliminating transactions between entities to prevent inflated financial statements.