Native intercompany accounting

One reviewed entry. Both ledgers. Always balanced.

FIRMA treats intercompany as a first-class accounting object: a source entity, a counterparty, balanced due-to / due-from lines, an elimination note, and controller review — all in one product. No second journal entry. No reconciliation drift.

See intercompany in actionSee consolidated reporting →

What “native” means

Both legs post together — or not at all.

In QuickBooks, an intercompany transaction lives in two separate company files you reconcile by hand. In FIRMA, it is a single approved object that writes to both entity ledgers atomically and carries its own elimination instruction into the group view.

Intercompany ledgerDemo data
Vantage Capital Partners LLC$8,500

Dr Due from Vantage Home Health (mgmt fee)

Vantage Home Health LLC$8,500

Cr Due to Vantage Capital Partners (mgmt fee)

Vantage IT Solutions LLC$2,140

Dr Due from Vantage Media Group (shared SaaS)

Vantage Media Group LLC$2,140

Cr Due to Vantage IT Solutions (shared SaaS)

Both legs balance to zero on consolidation. Vantage Capital Partners group · 6 entities.

How it works in the books

The discipline of a controller, built into the entry.

One entry, two ledgers

Record a management fee, advance, or shared cost once. FIRMA posts the matching due-to and due-from lines on both entities so neither side is ever out of balance.

Eliminations carried automatically

Every intercompany entry carries its elimination note. The consolidated P&L nets the two sides out on its own — no Excel elimination tab, no month-end guesswork.

Controller review before posting

Nothing posts to either book without sign-off. The reviewer sees source entity, counterparty, both legs, and the elimination treatment in one approval card.

Entity-level access controls

Scope each entity to the people who should touch it. An accountant can post for Vantage Home Health without ever seeing Vantage IT Solutions.

The product, feature by feature

Every multi-entity workflow, shown — not described.

These are the real product surfaces, populated with the Vantage Capital demo group: four LLCs and $1.73M in demo revenue. Entity-level surfaces are available today; intercompany automation and consolidation shown below are roadmap previews.

Roadmap preview: consolidated reporting

A planned consolidated P&L across all four entities.

This preview shows the intended group statement and elimination workflow. Consolidation is not presented as generally available today.

  • Group revenue $2,009,800 across 6 LLCs
  • Intercompany $46,328 eliminated automatically
  • Group net income $699,960 · 35.7% margin

Invoices & A/R

Invoices and A/R aging, scoped to any entity.

Create, send and track invoices per entity — and see exactly what is owed and how late. The Vantage group has billed 44 invoices; FIRMA shows the open balance and aging at a glance.

  • 44 invoices · $1,655,800 collected
  • Per-entity client and invoice numbering
  • A/R aging buckets, no spreadsheet required

Roadmap preview: native intercompany

Planned intercompany workflows with both sides linked.

This preview shows the intended paired-entry and elimination experience. Native intercompany automation remains on the roadmap.

  • Both legs posted with one approval
  • Eliminated automatically on consolidation
  • 7 intercompany transactions · $46,328

Approval-first AI

AI drafts the entry. You approve before it posts.

FIRMA's AI categorizes bank-feed transactions and drafts journal entries — but nothing touches the ledger without a human sign-off. Every suggestion shows the proposed accounts and a confidence note.

  • 100% of entries require approval before posting
  • Bank-feed categorization with audit trail
  • Reject, edit, or approve in one click

Expenses & bills

Expenses and bills (A/P) by category, by entity.

Track every bill and expense across the group. FIRMA breaks spend down by category — Payroll, Software, Insurance, Clinical Labor and more — and keeps the A/P balance current per entity.

  • 102 expenses · $1,263,512 across 6 entities
  • 13 vendor bills · $60,250 currently open
  • Category and vendor rollups out of the box

Entity switcher

Switch entities — or see the whole group — in one click.

Every screen in FIRMA is entity-aware. Drill into the entities included in your plan from one login. Consolidated group views remain on the roadmap.

  • 1, up to 5, or unlimited entities by tier
  • Per-entity books today; consolidated roll-up on the roadmap
  • No re-login, no separate company files
See the live demo →Explore intercompany →

All panels use the Vantage Capital demo group — synthetic demo data. No real customer, financial, or personal identifiers are shown.

From setup to consolidation

Five steps, one source of truth.

  1. 1

    Add every entity to one FIRMA account — no per-company subscription.

  2. 2

    Map intercompany relationships: parent / subsidiary and sibling entities.

  3. 3

    Record a shared transaction once; FIRMA drafts both balanced legs.

  4. 4

    Approve the entry in the review queue — it posts to both ledgers.

  5. 5

    Run a consolidated P&L with intercompany eliminated automatically.

Intercompany that posts to both books — and reconciles itself.

Start free — no card · 14-day trialSee the live demo