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Welcome to our information hub, where we provide detailed explanations about various aspects of multi-entity month end

What is a chart of accounts?

Learn what a chart of accounts (COA) is, its purpose, examples of account codes, and how automation helps multi-entity finance teams stay in control.

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What is recharge automation?

Intercompany charges are a critical part of accounting correctly where you have multiple related business entities. While the output is critical, the process for running intercompany charges has historically been cumbersome and time-consuming. It has required:

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How do I run consolidated group financial statements in Xero?

Streamline multi-entity financial consolidation in Xero. This guide explores the best Xero-compatible tools for accurate reporting, faster month-end close, and easier compliance. Discover how to choose the right apps to simplify consolidation, improve visibility, and scale your finance function with confidence.

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What are intercompany charges?

If you need help understanding the world of intercompany charges, don’t fear! Read on to find out exactly what intercompany charges are.

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Does Xero work for multi-entity group businesses?

Managing the financial intricacies of a multi-entity business can be a daunting task, with complexities that often leave even the most seasoned finance leaders scratching their heads. Does Xero truly work for multi-entity businesses, which must tackle a web of financial entities, intercompany transactions, and consolidated reporting? Let’s delve into the world of multi-entity on Xero.

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What is cross-entity bank rec?

Struggling with bank reconciliation in multi-entity businesses? Understand how cross-entity bank rec simplifies matching payments and invoices across group entities. Discover how Mayday BRAG helps finance teams save time, reduce errors, and streamline reconciliation in Xero.

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What are intercompany loan accounts?

Intercompany loan accounts occur when multiple business entities, usually companies, are connected by shareholding and form a corporate group

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What is loan account automation?

Loan account automation ensures that intercompany loan accounts will never again fall out of balance. Read on to discover how loan account automation works

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