Intercompany Accounting

One set of books. Every entity. Zero reconciliation headaches.

FIRMA handles intercompany loans, cost sharing, and eliminations automatically - so consolidated reporting is always correct.

See intercompany in action

Problem

Managing loans between entities requires manual journal entries in every company file

Solution

FIRMA records the intercompany transaction once - it posts to both entities automatically

Problem

Consolidated P&L requires exporting from each QBO file and manually eliminating intercompany

Solution

FIRMA generates a consolidated P&L in real time, with eliminations already applied

Problem

Shared expenses across entities require duplicate entries and reconciliation each month

Solution

FIRMA cost-sharing templates allocate expenses across entities with one approval

Feature deep dive

Built for the work that spreadsheets are usually forced to do.

Intercompany Loans

Track advances between parent and subsidiary entities. FIRMA records the receivable and payable simultaneously, keeping both ledgers in balance.

Consolidated P&L

See profit and loss across all entities on one screen. Intercompany revenue is automatically eliminated. No spreadsheet required.

Cost Sharing

Shared services, rent, insurance - allocate across entities using templates. One approval posts to all entities at once.

Entity-Level RBAC

Each entity has its own access controls. Your accountant can see Entity A but not Entity B. Client Zero - always.

How it works

From setup to consolidated report.

  1. 1

    Add entities to your FIRMA account - no additional subscriptions

  2. 2

    Define intercompany relationships: parent/subsidiary and sibling entities

  3. 3

    Record shared transactions once - FIRMA posts to all affected entities

  4. 4

    Approve the consolidated entry via the approval queue

  5. 5

    Run consolidated reports across any combination of entities

See intercompany accounting that actually works.

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