Multi-entity consolidation

Automated multi-entity consolidation is now available in Kick.

Intercompany eliminations are often the most painful part of prepping a multi-entity close.

Entrepreneurs know more entities can mean tax savings and asset protection. Yet as those structures grow, it gets harder to see how the businesses connect, move money, and perform overall.

With Kick, you can visually map out the relationships between your businesses, and Kick handles the rest: Eliminating entries, related entity due to / due from, and the consolidated reports, all while surfacing exceptions for your review.

Starting today on our new Advanced plan you get:

Consolidated reporting

• Roll up multiple entities into a consolidated P&L and balance sheet
• See eliminations in a dedicated column and review the consolidated total
• Drill into the Elimination Ledger for a complete trail of eliminated activity

Automated intercompany eliminations

Kick’s Chart of Accounts is multi-entity out of the box, so you don’t need to manually map different account structures across entities. You can:

• Track intercompany activity across each entity in the Intercompany tab
• Automatically match and eliminate intercompany activity
• Surface imbalanced due to/from so you can correct it at the source
• Create eliminating entries when judgment is needed

Ownership canvas

Head to the Ownership tab to visually map relationships between entities and automate your consolidations.

To get started, start your free trial of the Advanced Plan, open the Ownership tab and click Consolidate.