Consolidation Accounting Software
Instantly centralize your multi-entity, multi-currency accounting with SoftLedger’s financial consolidation software.
However, consolidation accounting is complex. Fortunately, SoftLedger helps you eliminate tedious manual work and supercharge productivity with automated intercompany journal entries and eliminations, allowing your team to focus on strategic financial management instead of manual consolidation tasks.
Why Multi-Entity Consolidation Breaks Without the Right Software
Financial consolidation combines books across multiple entities into unified statements. It requires eliminating intercompany balances, converting currencies, and reconciling minority interests. As a result, without purpose-built software, organizations often rely on spreadsheets, manual eliminations, and weeks of work during every close cycle.
Can Your Accounting Software Manage Multiple Entities?
Everything You Need to Close Faster
Real-Time Consolidation
Run P&L, Balance Sheet, and Cash Flow for any entity, segment, or the entire org at any moment. Furthermore, you can drill down from the consolidated view to the originating transaction with a single click.
Multi-Entity Management
With SoftLedger, you can model any organizational structure, including subsidiaries, divisions, joint ventures, and holding companies, within a single platform. At the same time, each entity maintains its own books while seamlessly feeding into a unified, consolidated view.
API-First Approach
Build custom integrations with any system using SoftLedger's REST API. This means you can connect the tools your team already uses without relying on pre-built connectors or third-party middleware.
Instant Intercompany Eliminations
Intercompany receivables, payables, and revenue are identified and eliminated in real time. This means no more month-end manual reconciliation, no formula errors, eliminations are always current.
Digital Assets & Crypto Support
SoftLedger’s multiple dimensions and custom crypto asset management tools enable you to easily incorporate your crypto transactions into your financials, in any jurisdiction.
Multi-Currency Translation
SoftLedger automatically pulls live FX rates at the transaction level and supports full remeasurement and translation of foreign-currency entities to your reporting currency under GAAP or IFRS.
Instant Intercompany Eliminations Faciliate Accurate Financial Consolidation
With SoftLedger’s financial consolidation software, accurate real-time reporting is always only a couple of clicks away. So, how does it work?
As transactions are recorded across your various business entities, the related journal entries instantly roll into your financial statements. Meanwhile, your intercompany eliminations are automatically calculated and booked, eliminating manual effort and reducing the risk of errors.
As a result, you gain immediate visibility into consolidated financial performance without waiting for month-end processes.
Our powerful software provides you with these easy-to-use tools:
- Intercompany journal entries
- Automatic intercompany eliminations
- Multi-entity consolidated reporting at multiple levels
Streamline Your Global Multi-currency Operations
The multi-currency functionality in SoftLedger’s financial consolidation software allows you to run your international operations the same way you run your domestic ones.
We automate these tasks, so you don’t have to spend manual efforts doing so:
- Automatically pull FX rates with each transaction, with robust capabilities to remeasure and translate financials monthly.
- Multi-entity consolidation for family offices, investment management firms, and other global organizations.
- Users can access the system from anywhere in the world, with granular permissions and audit logs
SoftLedger vs. Other Consolidation Solutions
How SoftLedger stacks up against the alternatives for multi-entity consolidation specifically.
| Feature | SoftLedger | QuickBooks / Xero | NetSuite / Sage Intacct |
|---|---|---|---|
| Real-time consolidated reporting | Always Live | Manual Export | Partial (period close) |
| Automatic intercompany eliminations | Fully automated | Spreadsheet only | |
| Unlimited entities on one platform | No extra charge per entity | Separate files | Additional cost |
| Multi-currency auto FX translation | Basic Only | ||
| API-first architecture | Full REST API | Limited | Partial / Costly |
| Typical time to deploy | Weeks | N/A (not built for it) | 3-12 months |
| Built-in Crypto Support |
Frequently Asked Questions
SoftLedger's Financial Consolidation Software is built to simplify the accounting and reporting process for companies managing multiple entities and currencies. It provides real-time financial reporting to streamline multi-entity and multi-currency consolidations.
Consolidation accounting is the process of combining financial data from multiple entities, business units, or locations into a single set of unified financial statements. Without dedicated software, the process requires significant manual effort; exporting data from separate systems, reconciling intercompany transactions by hand, and managing currency conversions in spreadsheets. This creates risk for errors, delays, and gaps in visibility that can slow down critical business decisions.
SoftLedger’s AP module, with its AP aging and vendor reports, allows real-time visibility into your payable, and the ability to properly analyze your obligations.
Yes. SoftLedger supports multi-entity consolidated reporting at multiple levels, so you can view financials at the individual entity level, by region or division, or across the entire organization, all from the same platform. This flexibility is valuable for organizations with layered ownership structures or segmented reporting requirements.
SoftLedger is particularly well suited for family offices, investment management firms, private equity and venture capital firms, real estate investors, energy companies with multiple project entities, and any business that has grown beyond what a single-entity accounting system can handle. Essentially, any organization managing distinct legal entities that need to be reported on both individually and collectively is a strong fit.
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