17 Best Multi-Company Accounting Software Reviewed In 2024
Best Multi-Company Accounting Software Shortlist
Here’s my shortlist of the best multi-company accounting software:
Our one-on-one guidance will help you find the perfect fit.
Multi-company accounting software is essential for any business. The right tool can boost team efficiency and simplify evaluations, promoting transparency. However, choosing the best software can be difficult with many available options.
Using my experience with finance and accounting tools, I tested and compared several leading multi-company accounting software options. I’ve compiled detailed reviews to help you find the best fit for your specific needs. Explore the list below to discover your next multi-company accounting software.
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Best Multi-Company Accounting Software Summary
| Tools | Price | |
|---|---|---|
| Zoho Books | From $15/user/month (billed annually) | Website |
| FreshBooks | From $5.70/month | Website |
| Wave | From $14/user/month | Website |
| BILL | From $29/user/month | Website |
| Tipalti | From $447/month | Website |
| Inkle Books | From $950/year (billed annually) | Website |
| Accounting Seed | Pricing upon request | Website |
| SapphireOne | Pricing upon request | Website |
| SAMPro ERP | Pricing upon request | Website |
| Jonas Construction Software | Pricing upon request | Website |
Compare Software Specs Side by Side
Use our comparison chart to review and evaluate software specs side-by-side.
Compare SoftwareHow to Choose Multi-Company Accounting Software
It’s easy to get bogged down in long feature lists and complex pricing structures. To help you stay focused as you work through your unique software selection process, here’s a checklist of factors to keep in mind:
| Factor | What to Consider |
| Scalability | Will this software grow with your business needs? |
| Integrations | Does it integrate with the existing tools you use? |
| Customizability | Can it be tailored to fit your specific requirements? |
| Ease of Use | Is the software user-friendly for your team? |
| Budget | Does it fit within your financial constraints? |
| Security Safeguards | Does it provide robust security measures to protect your data? |
| Support | Is customer support responsive and helpful? |
| Reporting | Does it offer detailed and customizable reporting features? |
Best Multi-Company Accounting Software Reviews
Below are my detailed summaries of the best multi-company accounting software that made it onto my shortlist. My reviews offer a detailed look at the key features, pros & cons, integrations, and ideal use cases of each tool to help you find the best one for you.
Zoho Books is a cloud-based accounting system designed primarily for small and medium-sized businesses. It handles key business functions such as invoicing, expense tracking, and compliance with tax regulations.
Why I picked Zoho Books: Zoho Books software automates data entry, streamlining accounting tasks for greater efficiency. Its client portal enables collaboration with customers, enhancing transparency and communication. Zoho Books provides detailed reporting tools to offer insights into your financial health. Additionally, multi-currency support allows for smooth global business transactions.
Standout features & integrations:
Features include automated bank feeds, recurring invoices, and project accounting. You can streamline your business processes by setting up workflow rules that automate repetitive tasks. The comprehensive dashboard gives you a real-time view of your financial status, helping you make informed decisions.
Integrations include Zoho CRM, Zoho Inventory, Zoho Analytics, Zoho Expense, Zoho Payroll, Zoho Subscriptions, Zoho Projects, Zoho Sign, and Zoho Checkout.
Pros and cons
Pros:
- Workflow automation
- Automated bank feeds
- Multi-currency support
Cons:
- Basic payroll features
- Limited third-party integrations
FreshBooks is an online accounting software designed for small business owners and freelancers. It helps users manage invoices, track expenses, and handle various accounting tasks efficiently.
Why I picked FreshBooks: FreshBooks offers automated invoicing, expense tracking, and time tracking to simplify your accounting. You can quickly send professional invoices, track business expenses, and monitor project time for you or your team. The software also provides financial reports to help you better understand your business's performance.
Standout features & integrations:
Features include automated invoicing, expense tracking, and time tracking. You can send professional invoices, manage expenses, and track time spent on projects. Financial reporting tools also give insights into your business performance.
Integrations include G Suite, Shopify, Stripe, PayPal, Mailchimp, Gusto, HubSpot, Slack, and Trello.
Pros and cons
Pros:
- Customizable reports
- Mobile app available
- Reliable invoicing
Cons:
- Limited user roles
- Basic inventory management
Wave is a bookkeeping and accounting management software designed for small businesses, freelancers, and creators. It handles invoicing, payments, payroll, and basic accounting functions.
Why I picked Wave: Wave provides free invoicing and accounting services, making it ideal for small business owners. You can track unlimited income and expenses at no cost. Additionally, the software supports managing multiple businesses under one account, making it easier to stay organized. It also offers receipt scanning and bank reconciliation to simplify your accounting tasks.
Standout features & integrations:
Features include free invoicing and accounting services, receipt scanning, and bank reconciliation. You can manage multiple businesses under one account and track income and expenses seamlessly. The platform also offers payroll services for a fee.
Integrations include PayPal, Etsy, Shoeboxed, Zapier, Google Sheets, Stripe, PayPal, BluePay, QuickBooks, and HubSpot.
Pros and cons
Pros:
- Bank reconciliation
- Receipt scanning
- Unlimited invoicing
Cons:
- Mobile app limitations
- Limited support options
BILL is a financial operations platform designed for businesses to automate their accounts payable and accounts receivable processes. Its main users include small to medium-sized enterprises and finance teams looking for efficient financial management solutions.
Why I picked BILL: BILL automates bill payments and invoicing, reducing manual data entry and errors. It includes payment approval workflows and automatic syncing with accounting software. Additionally, it centralizes cash flow and expense management, allowing your team to focus on strategic tasks instead of administrative duties.
Standout features & integrations:
Features include automated bill payments, invoicing, and payment approval workflows. You can sync your financial data with popular accounting software.
Integrations include QuickBooks, Xero, Intacct, NetSuite, Microsoft Dynamics, Sage Intacct, Expensify, Tallie, Gusto, and Divvy.
Pros and cons
Pros:
- Centralized expense management
- Syncs with accounting software
- Automates AP and AR
Cons:
- Requires internet access
- Learning curve
Tipalti is an accounts payable automation software designed for finance teams to manage global payables operations. It helps businesses automate their entire payables workflow, from invoice processing to global payments.
Why I picked Tipalti: Tipalti automates the entire payables process, including supplier onboarding, invoice processing, and tax compliance. You can manage multi-entity payables, ensuring your payments are accurate and compliant with global financial regulations. The platform also provides real-time payment reconciliation and built-in fraud detection to safeguard your transactions. It’s designed to scale with your business as you grow, making it a fit for companies of various sizes.
Standout features & integrations:
Features include automated invoice processing, tax compliance management, and multi-entity support. Your team can benefit from real-time payment reconciliation and fraud detection features. The platform also supports global payments, allowing you to pay suppliers in multiple currencies.
Integrations include NetSuite, QuickBooks, Xero, Sage Intacct, Oracle, SAP Concur, Expensify, Bill.com, Stripe, and PayPal.
Pros and cons
Pros:
- Built-in fraud detection
- Real-time reconciliation
- Multi-entity support
Cons:
- Limited customization options
- Complex initial setup
Inkle Books is a multi-company accounting software designed to simplify compliance and financial management for startups and small businesses. It provides tools to manage accounting needs, tax filings, and financial tracking efficiently while focusing on the unique needs of founders.
Why I picked Inkle Books: Inkle Books offers a compliance-first approach that helps founders stay on top of tax deadlines and regulatory requirements. The platform’s automated bookkeeping features reduce the need for manual data entry, letting your team focus on strategic tasks. It also supports multi-company management, making it easier to consolidate financial data across different entities. In addition, Inkle Books provides real-time financial insights, allowing for quicker and more informed decision-making.
Standout features & integrations:
Features include automated bookkeeping to minimize manual work, real-time financial insights for better decision-making, and tax compliance tools to help founders stay on top of deadlines. Inkle Books also supports accounting across different entities, helping your team stay organized.
Integrations include QuickBooks, Xero, Google Sheets, Stripe, PayPal, Shopify, Square, WooCommerce, Slack, and Microsoft Excel.
Pros and cons
Pros:
- Tailored for founder-specific needs
- Automated bookkeeping reduces manual tasks
- Real-time financial insights for startups
Cons:
- Some features lack advanced functionality
- Limited scalability for larger enterprises
Accounting Seed is an advanced accounting software built natively on Salesforce, designed for businesses of all sizes. It offers financial management solutions that include general ledger, accounts payable, accounts receivable, and project accounting.
Why I picked Accounting Seed: Accounting Seed software integrates with Salesforce, enabling your team to manage accounting and CRM data in one place. It automates many accounting tasks, minimizing manual entry and errors. Additionally, the software’s customizable reporting lets you tailor financial reports to fit your business needs, while the project accounting feature helps track project costs and profitability accurately.
Standout features & integrations:
Features include automating repetitive accounting tasks, customizable financial reporting, and project accounting capabilities. You'll find tools that help you manage your accounting data more efficiently and reduce manual data entry. Plus, the software's integration with Salesforce streamlines your financial management processes.
Integrations include Salesforce, Avalara, Stripe, PayPal, Shopify, Square, Authorize.net, Bill.com, Expensify, and HubSpot.
Pros and cons
Pros:
- Project accounting
- Customizable reports
- Built on Salesforce
Cons:
- Technical knowledge needed
- Complex setup
SapphireOne is a multi-company accounting software aimed at businesses needing to manage accounts, payroll, inventory, and job projects for unlimited entities. It serves various business functions including financial management, payroll processing, and inventory tracking.
Why I picked SapphireOne: SapphireOne handles an unlimited number of companies and web pack users, supporting multiple currencies and tax realms, making it ideal for global operations. Its features encompass comprehensive financial management, payroll processing, and inventory tracking. Additionally, it includes job project management capabilities that integrate seamlessly into existing workflows.
Standout features & integrations:
Features include the ability to manage multiple entities, support for multiple currencies and tax realms, and comprehensive job project management. You can also handle payroll processing across different locations. Additionally, inventory tracking is integrated directly into the platform.
Integrations include Xero, MYOB, QuickBooks Online, Sage, Microsoft Dynamics, SAP, Oracle, NetSuite, Salesforce, and Zoho CRM.
Pros and cons
Pros:
- Integrated payroll
- Multi-currency support
- Unlimited companies
Cons:
- Requires technical knowledge
- Steep learning curve
SAMPro ERP is an enterprise resource planning software designed for businesses requiring advanced field service management. It handles key functions like multi-company accounting, job costing, and work order management to streamline operations and accounting.
Why I picked SAMPro ERP: SAMPro ERP is designed with field service companies in mind, making it a unique fit for those managing complex workflows across multiple locations. Its multi-company accounting feature simplifies financial management for businesses operating several entities. Additionally, the work order management tools allow your team to track jobs and dispatch resources efficiently. The software’s job costing capabilities give you a clear view of project expenses, ensuring accurate billing and financial tracking. With everything in one place, your team can focus more on operations and less on managing administrative tasks.
Standout features & integrations:
Features include multi-company accounting to manage finances across different entities, job costing to accurately track project expenses, and work order management to keep jobs organized and on schedule. Your team can handle complex workflows without losing track of key tasks. The software also automates billing processes, saving time on administrative work.
Integrations include Salesforce, QuickBooks, Google Calendar, Dropbox, Microsoft Outlook, HubSpot, Slack, PayPal, Stripe, and Mailchimp.
Pros and cons
Pros:
- Highly customizable reporting features
- Scalable for growing field service companies
- Handles complex multi-entity setups
Cons:
- Lengthy implementation process
- Steep learning curve for new users
Jonas Construction Software is a multi-company accounting software tailored for the construction industry. It supports contractors and construction firms in managing their finances and operations efficiently.
Why I picked Jonas Construction Software: Jonas Construction Software offers extensive features such as multi-entity accounting, which allows you to manage multiple companies within a single system. You can handle job costing, service management, and project management from one platform. Its financial management tools help ensure your accounting operations are accurate and compliant. This software is designed to meet the unique needs of the construction sector, making it an advanced solution for your team.
Standout features & integrations:
Features include multi-entity accounting, job costing, and project management. You can manage your finances across multiple companies in a single system. The software also provides tools for service management and payroll.
Integrations include Microsoft Office, Procore, QuickBooks, Sage 100 Contractor, Sage 300 Construction and Real Estate, SAP Concur, Viewpoint Vista, and Xero.
Pros and cons
Pros:
- Industry-specific tools
- Job costing features
- Multi-entity management
Cons:
- Complex setup
- Steep learning curve
Other Multi-Company Accounting Software
Here are some additional multi-company accounting software options that didn’t make it onto my shortlist, but are still worth checking out:
- Gravity Software
Best for mid-sized companies
- AccountsIQ
Best for multi-entity consolidations
- Planful
Best for financial performance management
- Sage Accounting
Best for customizable invoice templates
- iplicit
Best for data archiving and migration
- NetSuite Accounting
Best for integrating CRM and ecommerce
- Odoo
Best for managing up to 500 companies
Multi-Company Accounting Software Selection Criteria
When selecting the best multi-company accounting software to include in this list, I considered common buyer needs and pain points like managing multiple entities efficiently and consolidating financial data. I also used the following framework to keep my evaluation structured and fair:
Core Functionality (25% of total weighting score)
To be considered for inclusion in this list, each solution had to fulfill these common use cases:
- Manage multiple company ledgers
- Consolidate financial reports
- Handle intercompany transactions
- Support multi-currency transactions
- Provide audit trails
Additional Standout Features (25% of total weighting score)
To help further narrow down the competition, I also looked for unique features, such as:
- Automate intercompany eliminations
- Real-time financial dashboards
- Customizable reporting templates
- Machine learning for anomaly detection
- Integration with ERP systems
Usability (10% of total weighting score)
To get a sense of the usability of each system, I considered the following:
- Intuitive user interface
- Easy navigation between companies
- Customizable dashboards
- Minimalist design with essential features highlighted
- Mobile app availability
Onboarding (10% of total weighting score)
To evaluate the onboarding experience for each platform, I considered the following:
- Interactive product tours
- Availability of training videos
- Access to pre-built templates
- Dedicated onboarding support team
- Webinars for comprehensive training
Customer Support (10% of total weighting score)
To assess each software provider’s customer support services, I considered the following:
- 24/7 live chat support
- Comprehensive knowledge base
- Email support with quick turnaround
- Dedicated account manager
- Community forums for peer support
Value For Money (10% of total weighting score)
To evaluate the value for money of each platform, I considered the following:
- Competitive pricing compared to similar tools
- Transparent pricing plans
- Flexible subscription options
- Comprehensive features in base plan
- Free trial availability
Customer Reviews (10% of total weighting score)
To get a sense of overall customer satisfaction, I considered the following when reading customer reviews:
- High net promoter score
- Positive feedback on ease of use
- Satisfaction with customer support
- Frequent updates and new features
- Good value for money according to users
Trends In Multi-Company Accounting Software
In my research, I sourced countless product updates, press releases, and release logs from different multi-company accounting software vendors. Here are some of the emerging trends I’m keeping an eye on:
- AI-Powered Financial Insights: AI is being used to provide more accurate financial forecasting and insights. This helps businesses predict financial outcomes and make better decisions.
- Blockchain for Transparency: Blockchain technology is being integrated to ensure transparency and security in financial transactions. This is particularly useful for multi-company accounting where trust and verification are paramount.
- Customizable Reporting Dashboards: Vendors are offering more customizable reporting dashboards that can be tailored to the specific needs of different businesses. QuickBooks Enterprise, for instance, allows users to create custom reports that pull data from multiple companies.
- Virtual CFO Services: Some software now offers virtual CFO services, providing expert financial advice without the need for a full-time CFO. NetSuite offers this feature to help smaller enterprises manage their finances more effectively.
- Enhanced Data Analytics: Advanced data analytics tools are becoming more common, helping businesses analyze financial performance across multiple entities. Xero, for example, has enhanced its analytics capabilities to provide detailed insights into financial metrics across different companies.
What Is Multi-Company Accounting Software?
Multi-company accounting software manages financial records and activities for multiple businesses on a single platform. It’s used by accountants, financial managers, and business owners to handle the complexities of running multiple companies.
These tools simplify financial management by offering consolidated reports, automating tasks, and managing intercompany transactions, ensuring accurate tracking across entities. By streamlining processes, they save time and reduce errors in managing the finances of multiple businesses.
Features of Multi-Company Accounting Software
When selecting multi-company accounting software, keep an eye out for the following key features:
- Separation of Entities: Allows each company to maintain distinct financial records, ensuring clear and accurate bookkeeping.
- Consolidated Financial Reporting: Aggregates financial data from multiple entities into a single report, providing a comprehensive overview.
- Multi-Currency Support: Handles transactions in various currencies, useful for companies operating in different countries.
- Intercompany Transactions: Automates the recording and reconciliation of transactions between related entities, simplifying intercompany accounting.
- Customizable Chart of Accounts: Enables customization of the chart of accounts to meet the specific needs of each entity.
- Centralized Control Settings: Allows for the central management of key settings across all entities, ensuring consistency and control.
- Automated Workflows: Streamlines accounting processes through automation, reducing manual entry and the risk of errors.
- Scalability: Supports the addition of new entities without significant changes to the system, catering to growing businesses.
Benefits of Multi-Company Accounting Software
Implementing multi-company accounting software provides several benefits for your team and your business. Here are a few you can look forward to:
- Centralized Financial Management: Manage financial data from all your companies in one place, reducing the need to switch between multiple systems.
- Intercompany Transactions: Easily record and reconcile transactions between your different entities, saving time and reducing errors.
- Consolidated Reporting: Generate financial reports that combine data from all your companies, giving you a complete picture of your overall financial health.
- Compliance Tracking: Ensure each of your companies meets its specific regulatory requirements with built-in compliance tools.
- Scalability: Add new companies to your system as your business grows without needing to invest in new software.
- Cost Allocation: Allocate costs and revenues across your different entities accurately, improving financial transparency.
- User Access Control: Set different access levels for users in each company, ensuring that sensitive information is only accessible to authorized personnel.
Costs & Pricing of Multi-Company Accounting Software
Selecting multi-company accounting software requires an understanding of the various pricing models and plans available. Costs vary based on features, team size, add-ons, and more. The table below summarizes common plans, their average prices, and typical features included in multi-company accounting software solutions:
Plan Comparison Table for Multi-Company Accounting Software
| Plan Type | Average Price | Common Features |
| Free Plan | $0 | Basic bookkeeping, limited users, essential reports, and basic integrations |
| Personal Plan | $15 - $30/user/month | Advanced bookkeeping, more users, custom reports, invoicing, and integrations |
| Business Plan | $30-$60/user/month | Project management,multi-currency, comprehensive reports, and payroll features |
| Enterprise Plan | $100-$300/user/month | Unlimited users, advanced security, custom workflows, and dedicated support |
Multi-Company Accounting Software FAQs
Here are some answers to common questions about multi-company accounting software:
How do I switch businesses on accounting software like FreshBooks?
In FreshBooks, switching between businesses is done by navigating to the business settings and selecting the desired business from a dropdown menu. This feature enables managing multiple businesses under one account without the need to repeatedly log in and out.
Is it possible to consolidate financial reports for multiple entities?
Many multi-company accounting software solutions provide the capability to consolidate financial reports. This feature allows for the generation of combined financial statements, offering a unified and comprehensive view of the financial health across all business entities.
Can I manage inter-company transactions with multi-company accounting software?
multi-company accounting software typically allows you to manage intercompany transactions efficiently. This includes recording transactions between different entities and ensuring that all accounts are balanced across your companies.
Can multi-company accounting software consolidate financial reports across subsidiaries?
Yes, multi-company accounting software is designed to consolidate financial reports across multiple subsidiaries or entities. The software allows users to create consolidated financial statements, such as income statements and balance sheets, by aggregating data from different entities within the organization. This feature makes it easier to analyze the overall financial health of the entire business group, while also allowing for a breakdown by individual company or division.
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