Multi-Company
If you run more than one entity — a parent and subsidiaries, several LLCs, or a set of clients — Solid Accounting keeps each one in its own company file, with its own chart of accounts, users, backups and Audit Trail.
One company file per entity
Separate company files are the right default because the entities are separate:
- Each can have its own fiscal year, chart of accounts and accountant.
- Each has its own passwords and users, so someone who works on one company doesn't see the others.
- Each is backed up and restored on its own, and its Audit Trail covers only that entity.
The cost is switching between them, which is quick: File → Recent Companies lists the company files you've opened, and File → Open Company... opens any other. You can create as many company files as you need.
Combining companies: Consolidation
Multi-Company Consolidation (Professional and Accountant) combines several company files into one set of balances, without changing any member's books:
- Create a group and add each member company by its company file, with an ownership percentage.
- Generate Report for a date range and basis to see each member's balance by account in its own column, plus a Consolidated column.
- Record elimination entries for intercompany amounts (for example, management fees charged by the parent to a subsidiary) so they don't double-count. Eliminations live on the consolidation, not in any member file.
Members are matched by account number, so give shared accounts the same number in each company file. Step-by-step instructions are on Client Management & Consolidation.
Many clients: Client Management
Accountants and bookkeepers with many client files can use Client Management (Accountant): a practice list of client company files with status and last-opened date, opened from the row. See Client Management & Consolidation.