Businesses consisting of multiple companies or entities that each need a separate set of financial statements.Independent bookkeepers and accountants offering full-service bookkeeping who don’t want to pay a separate license fee for each client.Most businesses needing multi-company accounting fall into one of three categories: We used our expertise to weigh the importance of each task and categories of tasks. We evaluated accounting software using our case study framework and awarded points based on the tasks we were able to complete in 13 separate categories. How We Evaluated Multi-company Accounting Software This is particularly ideal for businesses working with in-house developers. Businesses with an in-house development team: SoftLedger’s platform has a fully integrated API that can be customized based on the exact needs of your business.You can track inventory by warehouses, so you’ll know where your stock is located. Manufacturing and other inventory-intensive businesses: With SoftLedger, you can track your inventory in real time, increase or decrease the quantity on hand, and transfer stock between locations.You can connect your crypto wallet directly to the software like a bank feed. Businesses that need accounting for crypto assets: SoftLedger has a unique cryptocurrency accounting feature that enables you to track and manage crypto-related transactions, such as crypto gains and losses, live market rates, and tax and reporting requirements.It can help you consolidate separate financial statements of subsidiaries, eliminate intercompany transactions, and account for foreign currency translation gains and losses in the income statement and balance sheet. Multientity and multicurrency consolidations: With Sage 50cloud, you can consolidate subsidiaries, whether in the United States or overseas.
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