The problem
Businesses that operate as multiple legal entities - a holding structure, subsidiaries in different regions, or franchised locations run as separate companies - often end up manually combining separate sets of books in a spreadsheet at period-end, with intercompany transactions eliminated by hand and easy to get wrong.
How AccountDesq solves it
An Entity Group spans multiple existing AccountDesq workspaces without requiring them to merge into one tenant. Consolidated statements are produced by a dedicated consolidation engine, and intercompany accounts are tracked and eliminated explicitly rather than requiring a manual adjusting entry each period. Access to the group is verified on every call, live, rather than relying on a cached permission that could be stale.
How it works, step by step
Group your entities
Link the separate workspaces that make up your consolidated structure into one Entity Group.
Track intercompany activity
Transactions between entities in the group are tracked on dedicated intercompany accounts.
Consolidate
The consolidation engine produces group-level statements with intercompany balances eliminated.
Control access precisely
Only members explicitly granted access to the group can see consolidated data, checked live on every request.
Connected to the rest of AccountDesq
Nothing here works in isolation - it posts through the same ledger as everything else.
In practice
A retail group operates three legal entities - one per region - each as its own AccountDesq workspace for local compliance and reporting. At quarter-end, the finance lead opens the Entity Group view to see consolidated results across all three, with the inventory sold from one entity's warehouse to another entity's storefront eliminated correctly rather than double-counted.
What this means for your business
- Consolidated financial statements without a manual spreadsheet exercise at every period-end.
- Intercompany transactions are eliminated systematically, reducing a common source of consolidation errors.
- Group-level access is controlled and verified live, not left to a permission that might be stale.
Frequently asked questions
Do my entities need to merge into one workspace to consolidate?
No - Entity Groups span multiple existing, separate workspaces without merging them.
Does AccountDesq eliminate intercompany transactions automatically?
Intercompany accounts are tracked explicitly and the consolidation engine eliminates them as part of producing group-level statements.