Multi-Entity Accounting & Intercompany Transactions in Intuit Enterprise Suite

By: Bruce Peterka

Quick Summary

• IES makes handling multiple companies, brands, or entities simple and intuitive.
• Intercompany transactions—from transfers to allocations—are automated and easy to track.
• Clear, consolidated financials save hours every month (and prevent expensive mistakes).
• Custom reports show health by entity and for the whole group, instantly.
• Audit-ready and fast month-end close for busy finance teams.

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Why Multi-Entity Accounting Gets So Messy—And How IES Fixes It

Small business owners, agencies, and holding companies know the pain: moving money, costs, or assets between entities often turns into a time-consuming mess. Manual spreadsheets and disconnected software create waste and confusion. IES streamlines all that—with smart automations, unified dashboards, and easy setup.

1

What “Multi-Entity” Means in IES

IES lets you run as many companies—or business units—as you need from one system. Each entity has its own books, bank accounts, reporting, and controls, but you can see everything at a glance when you need to.

See it in action: Watch how multi-entity management and intercompany transactions work in IES.

2

How Intercompany Transactions Work

• Transfer funds, assets, or inventory between entities with just a couple of clicks.
• IES automatically creates mirrored entries for each side (“due to/due from” mapping).
• Allocate shared expenses, payroll, or projects quickly—no manual double-entry.
• Get instant alerts if a transfer or payment needs attention.

What Gets Easier with IES?

Consolidated reporting, streamlined tax prep, audit readiness, role-based views, and easy integration with payroll & time tracking.

3

Real-World Example

A multi-location service business switched to IES and cut month-end close time by half—they stopped chasing intercompany errors, and finally had clear numbers for every division and for the group as a whole.

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Frequently Asked Questions

How many entities can I manage in IES?

Most businesses can manage as many as they need—IES is built for scale.

Can I import my old entities and books?

Yes! Migration and setup tools help you bring over history from QuickBooks or other systems.

What about reporting?

Run both entity-specific and group-wide reports—plus customizable roll-ups for owners, departments, regions, or brands.

Are intercompany transactions audit-ready?

Every transfer, allocation, and payment is tracked with full details. Your CPA will thank you.

Things to Do Now

Review your current intercompany process—what feels manual or error-prone?

Download the IES Strategic Decision Guide

Schedule a free demo or consult with Peak Advisers

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Related Article

If you’re tackling project costs or profitability, see our Job Costing & Dimensions in Intuit Enterprise Suite.