7 best accounting software for multiple entities in 2026

How many logins does your finance team need just to close the books?

If the answer is more than one, your accounting software isn't built for multiple entities. Separate systems, manual consolidation, and intercompany journals in Excel are all signs you've outgrown your accounting setup.

In this blog, we compared seven platforms that handle multi-entity accounting natively, so that you can find the best accounting software for multiple entities before your next month-end.

Why listen to us?

At iplicit, we have been working with multi-entity organisations across the UK for years. We work with every type of group, companies running three entities to those managing dozens across sectors like property, education, hospitality, and financial services.

This article draws on iplicit's day-to-day work with multi-entity finance teams, direct product testing, and feedback gathered from customers across the market.

What is multi-entity accounting software?

Multi-entity accounting software is used to manage the finances of multiple companies, subsidiaries, or business units from one platform. The software gives you a single view of everything, so you don't have to log in to separate systems for each entity every time.

A multi-entity software handles everything, including intercompany transactions, shared charts of accounts, consolidated group reporting, and entity-level drill-downs. It also takes care of multi-currency conversions, tax compliance across jurisdictions, and cross-entity approval workflows.

If your organisation runs more than two or three entities and your finance team is still consolidating data in Excel every month, you've probably outgrown your current setup and need a multi-entity accounting software.

Benefits of accounting software for multiple entities

Here are four benefits of using a multi-entity accounting software for portfolio management:

1. One consolidated view across all entities

If you're managing separate spreadsheets or logins for each entity, it is probably taking you too much time each week, and even then, it creates blind spots. A multi-entity finance software consolidates financial data across all your companies into one dashboard. This way, you can see the full picture without stitching reports together.

2. Automated intercompany transactions

Manual intercompany journals can be error-prone and tedious to manage. A multi-entity accounting software fixes this by automating intercompany eliminations, recharges, and reconciliations. This way, your finance team doesn't have to chase entries between entities and can focus on actual analysis.

3. Faster group reporting at month-end

If your team is consolidating numbers from multiple systems, it can actually drag month-end out by days. With everything in one platform, you can generate group-level P&L, balance sheets, and cash flow reports in minutes instead of being assembled manually over a week.

4. Entity-level control with central oversight

With the right software, each entity can have its own approval workflows, cost centres, and reporting dimensions while the group finance team retains full visibility. You get local control without sacrificing central governance.

7 best accounting software for multiple entities

Below is a comparison of the seven best accounting software for multiple entities:

#	Accounting software	Best for	Starting price
1	iplicit	UK multi-entity organisations needing native consolidation and finance-team-led configuration	Custom pricing
2	NetSuite ERP	Global organisations with complex multi-subsidiary structures across jurisdictions	Custom pricing (annual licence)
3	Sage Intacct	Finance teams that are focused on multi-dimensional reporting across entities	Custom pricing
4	Microsoft Dynamics 365 Finance	Multi-entity organisations that are already invested in the Microsoft ecosystem	From £161.50/user/month
5	Xero	Small businesses managing a few entities with simple accounting needs	From £16/month per entity (with special promotions running year-round)
6	Tipalti	Multi-entity businesses whose primary pain is AP automation and global payments	From £99/month
7	QuickBooks Online Advanced	Growing businesses with one or two entities and straightforward accounting requirements	£123/month per entity

1. iplicit

Most multi-entity organisations hit the same wall. Their accounting software either doesn't support consolidation natively or, if it does, still requires consultants to configure it. iplicit fixes both of these problems.

The platform is built for UK mid-market organisations running multiple entities. Core financials for multi-entity portfolios, including intercompany transactions, group consolidation, and entity-level reporting, all work out of the box.

iplicit also lets each entity run its own approval workflows and reporting structures with group finance for full oversight across the entire portfolio. Plus, there are rolling 12-month contracts, meaning you're not getting locked in on a three-year commitment before you know it works for your structure.

Key features

• Native Multi-Entity Consolidation: Consolidate group P&L, balance sheets, and cash flow across all entities with automated intercompany eliminations
• Unlimited Reporting Dimensions: Slice data by entity, department, fund, project, or any custom dimension you need
• Entity-Level Approval Workflows: Configure separate approval chains per entity while maintaining group-wide oversight
• Open API: Connect with your CRM, payroll, banking, and HRIS tools across all entities
• Automated Reconciliations: You can automate bank and transaction reconciliations while also matching entries in real time

Pricing

iplicit offers custom pricing based on your specific requirements. Although there is no free trial available, you can book a demo or request a quick tour.

Pros

• Finance teams can configure everything without needing external consultants
• UK-based support with no minimum spend threshold
• No paid add-ons for consolidation or core modules
• Fast implementation so you can go live in days
• Real-time reporting across multiple entities and complex property portfolios
• Open API integrations with property management, CRM, and payroll tools

Cons

• No self-serve free trial

2. NetSuite ERP

NetSuite is an Oracle platform with strong multi-subsidiary management capabilities. It can handle multi-entity complexity at a global scale for organisations that are managing subsidiaries across multiple countries.

The platform can manage dozens of entities across different currencies, tax jurisdictions, and regulatory frameworks from a single system. However, configuring NetSuite for a multi-entity structure takes time and almost always requires specialist consultants. Simple changes, such as adding a new entity or adjusting workflows, also require developer support, slowing teams down.

Key features

• Multi-Subsidiary Management: Manage entities across countries, currencies, and tax rules from a single platform with automated consolidation
• Real-Time Dashboards: Includes role-based views that pull live data across all entities, finance, sales, and operations
• SuiteFlow Workflow Engine: Automate approval chains and business logic across entities without writing code
• Global Tax and Compliance: Built-in support for multi-jurisdictional tax requirements and regulatory reporting

Pricing

NetSuite uses annual licence-based pricing, and the costs depend on modules and user count. You need to contact Oracle's sales team for a custom quote. Not to mention, there's no free trial.

Pros

• Provides strong multi-currency and multi-subsidiary consolidation at a global scale
• Large integration marketplace with third-party connectors
• Scales well for organisations with complex international structures
• Includes custom workflows and scripts to match business processes

Cons

• Implementations can stretch into months with heavy consultant dependency
• Configuration changes often need developer involvement
• According to users, pricing sits at the higher end for mid-sized organisations

3. Sage Intacct

Sage Intacct is a financial platform that allows users to tag transactions with custom dimensions and to consolidate or filter reports however they want. Its multi-entity consolidation works across currencies and geographies, and the platform can handle intercompany eliminations within the system.

But Sage Intacct comes with its own catches, especially when it comes to multi-entity setups. Features like advanced consolidation and additional reporting dimensions are behind paid modules. So the more entities you add, the more your costs climb.

Sage Intacct also typically locks you into three-year contracts with annual price increases, which, compared to iplicit's rolling 12-month terms, creates a significant cost difference.

Key features

• Multi-Dimensional Reporting: Tag transactions with custom dimensions and consolidate or filter across entities, departments, and projects
• Multi-Entity Consolidation: Automated consolidation across currencies and geographies with intercompany eliminations
• AP Automation: Process invoices with built-in matching and approval routing across entities
• AI-Powered Copilot: An AI assistant that flags anomalies and answers finance queries across your entity structure

Pricing

There are custom quotes based on modules and user count. Plus, you also need to pay a one-time implementation fee that applies on top of the subscription. There's no free trial, unfortunately, but a self-led product tour is available.

Pros

• Flexible dimensional reporting across entities
• Possesses strong GAAP compliance tools
• The cloud accessibility is good for distributed finance teams
• Custom dashboards and automated report distribution

Cons

• Consolidation and reporting features are behind paid modules
• Three-year contracts with annual price uplifts are standard in Sage Intacct
• Some users report bugs and slow technical support resolution

4. Microsoft Dynamics 365 Finance

If your organisation already uses Microsoft tools, Dynamics 365 Finance multi-entity accounting directly fits perfectly into that ecosystem. It connects natively with Office 365, Power BI, and Azure, so consolidated financial data flows into the dashboards and tools your team already uses.

The platform manages multiple legal entities with automated intercompany transactions and group-level reporting. The downside for multi-entity teams is the issue of configuration ownership. Setting up new entities, adjusting workflows, or modifying reporting structures almost always requires a Microsoft partner or developer resources.

Key features

• Multi-Entity Financial Management: Manage financials across legal entities with automated intercompany transactions and consolidated group reporting
• Power BI Integration: Use live dashboards to pull data across all entities without manual exports or third-party tools
• AI-Powered Forecasting: Generate cash flow predictions and budgets at the entity and group level using built-in models
• Cross-Entity Project Accounting: Includes full project cost tracking and revenue recognition spanning multiple entities

Pricing

The pricing starts at $210/user/month. The Premium plan costs $300/user/month. Luckily, there's a 30-day free trial for you to try things out.

Pros

• Deep native integration with the wider Microsoft stack
• Strong multi-entity consolidation with multi-currency support
• Scales for organisations with complex international structures
• Cloud deployment reduces upgrade overhead

Cons

• Adding or reconfiguring entities requires partner or developer support
• Frequent platform updates can break existing entity-level customisations
• Interface feels cluttered compared to modern cloud-native platforms

5. Xero

Xero is a cloud-based accounting platform popular among small businesses and accountants in the UK. It automates data ingestion from various sources and features integrations with more than 1,000 third-party apps.

However, it lacks native multi-entity consolidation. Each entity needs its own separate Xero subscription, and there's no built-in way to consolidate group reporting across them.

For organisations running two or three entities, this can be easily managed. Beyond that, however, your team may end up juggling multiple logins, manually reconciling intercompany transactions, and assembling group reports in spreadsheets.

Key features

• Multi-Currency Support: Send invoices and manage transactions in multiple currencies, though this is limited to higher-tier plans
• Bank Reconciliation: Xero gives teams automated bank feeds with rule-based matching to speed up daily bookkeeping
• Wide App Integrations: Teams can connect Xero to over 1,000 third-party apps for payroll, CRM, inventory, and reporting
• JAX AI Assistant: Teams can use the AI agent to automate tasks like invoicing and surface financial insights in plain language

Pricing

Xero starts at $29/month (Starter), $50/month (Standard), and $75/month (Premium). But each entity requires a separate subscription. There's a 30-day free trial available of Xero.

Pros

• Clean, intuitive interface that's easy to learn for non-accountants
• Strong bookkeeping automation with reliable bank feeds
• Includes an app marketplace with over 1,000 integrations
• Customisable reporting for deeper transaction analysis

Cons

• No native multi-entity consolidation is provided; each entity needs a separate subscription
• Support is email-only with no live phone or chat option
• Multi-currency features are restricted to higher-priced plans

6. Tipalti

Tipalti comes at multi-entity accounting from the accounts payable side. It's built around AP automation and global payments. Teams use it to handle supplier onboarding, invoice processing, approval workflows, and payments in multiple currencies.

It also supports group accounting transactions and entity-level reporting within a single environment. However, domestic multi-entity support is available only on the Advanced plan, while global multi-entity capabilities are locked behind the Elevate tier and subject to custom pricing.

Tipalti works best for organisations that have multi-entity pains sitting primarily in payables and vendor management. But since it's not a full accounting platform, you'll still need an ERP or general ledger system alongside it, which means another integration to manage.

Key features

• Multi-Entity AP Automation: Process invoices, route approvals, and manage payables across domestic and global entities from one platform
• Global Payment System: Pay suppliers in over 200 countries using 50+ payment methods across 120+ currencies
• AI-Powered Invoice Processing: Scan and auto-code invoices using AI invoice processing, plus detect errors using built-in payment rules
• FX Management: Includes multi-currency fund management and FX hedging tools on the Elevate plan

Pricing

Tipalti offers three plans: Select at $99/month, Advanced at $199/month, and Elevate with custom pricing. But the multi-entity features start at the Advanced tier, and there's no free trial available.

Pros

• Strong AP automation with reliable global payment processing
• Supports payments across 200+ countries and 120+ currencies
• AI tools for invoice capture and error detection save time
• Strong reporting and audit visibility for finance teams

Cons

• Multi-entity features are locked behind higher-priced plans
• Requires a separate ERP or general ledger
• Some users report a steep learning curve and a complex initial setup

7. QuickBooks Online Advanced

QuickBooks Online Advanced is a popular choice for growing businesses. This platform handles day-to-day accounting workflows for firms and provides insights into business performance, helping users make informed decisions about growth and efficiency.

While it can handle VAT submissions to HMRC, bank feeds, and invoicing well, QuickBooks Online Advanced lacks native multi-entity consolidation. Each entity needs its own separate subscription, and there's no built-in way to pull group-level reporting across them.

Key features

• Class and Location Tracking: Segment income and expenses by department, location, or cost centre within a single entity
• Workflow Automation: Rule-based triggers for invoice approvals, expense routing, and transaction categorisation
• Spreadsheet Sync: Push data between QuickBooks and Excel automatically for custom analysis
• MTD-Compliant VAT Returns: Submit VAT returns directly to HMRC with built-in error checking

Pricing

The Advanced pricing plan of QuickBooks costs £123/month, with a 90% introductory discount for the first six months. Additionally, there's a 30-day free trial.

Pros

• Familiar interface that most accountants and bookkeepers already know
• Strong invoicing and automated bank feeds for daily accounting
• Good custom reporting with Excel sync built in
• Integrations with tools like Stripe, PayPal, Gusto, and other apps

Cons

• No native multi-entity consolidation
• Lacks intercompany transaction support or group-level reporting
• May feel limiting once your organisation's complexity grows beyond basic accounting

Factors to consider before choosing accounting software for multiple entities

Before choosing any multi-entity accounting software, here are four factors you should consider:

1. Native consolidation vs workarounds

Some platforms include multi-entity consolidation as a core feature while others require add-ons, third-party tools, or manual exports to get group-level reporting. If consolidation isn't native, your finance team will spend hours every month assembling data that should generate automatically. So you should check if it's included as standard or is behind a paywall.

2. Intercompany transaction handling

As a multi-entity organisation, you constantly deal with intercompany recharges, transfers, and eliminations. If the software can't automate those transactions for you and reconcile them within the system, your team has to do it manually in spreadsheets. So before selecting a vendor, make sure they offer automation and reconciliation.

3. Entity-level control with group oversight

A good platform should let individual entities operate independently while giving the group finance team full visibility across everything. If you have to choose between local control and central oversight, the software isn't built for multi-entity.

4. Scalability when adding new entities

Your group structure will not remain the same over time and with growth. Acquisitions, new subsidiaries, and restructures all mean adding entities. You should figure out how long it takes to set up a new entity in the system and whether it requires consultant involvement. If adding an entity takes weeks instead of hours, you should think twice.

Multiple entities, one platform

Choosing the best accounting software for multiple entities comes down to whether the platform is built for multi-entity from the ground up or has been bolted on as an afterthought.

Some tools on this list handle consolidation well but need consultants to configure. Others are affordable but require manual workarounds the moment you add a third entity.

If you're a UK-based multi-entity organisation and you want native consolidation, entity-level control, and a platform your finance team can own without external dependency, iplicit is built for exactly that. There are no paid add-ons for consolidation, you won't be locked in for three years, and we don't charge any consultant fees for adding a new entity either.

Book a demo or take a quick tour to see how it works.