Manage Multiple Entities and Currencies on One Salesforce Platform
Operate multiple companies, ledgers, currencies, and intercompany relationships while maintaining entity-level control and consolidated financial visibility in GoldFinch Accounting.
— THE PROBLEM
Stop rebuilding customer information in a separate accounting system.
Adding a legal entity, operating company, location, or currency can multiply accounting complexity. Teams may maintain separate databases, copy transactions between companies, reconcile intercompany balances manually, and consolidate results in spreadsheets.
Common challenges include:
GoldFinch provides a structured environment for entity-level accounting and consolidated reporting on Salesforce.
— ENTITY-LEVEL CONTROL
Manage each entity with appropriate financial control.
Configure the accounting structure required for each organization while maintaining consistent group reporting. Depending on the approved design, GoldFinch can support:
Multiple accounting entities
Entity-specific ledgers
Entity and group accounting periods
Charts of accounts and reporting dimensions
Entity-specific bank accounts
Customer and vendor transactions by entity
Role-based access to entity data
Separate and consolidated financial statements
Your GoldFinch implementation team will review legal entities, operational units, ownership, accounting standards, currencies, tax jurisdictions, and reporting requirements before recommending the configuration.
— CONSISTENT STRUCTURE
Create a consistent group reporting structure.
Organizations often need local transaction detail and common management reporting at the same time. GoldFinch dimensions and reporting structures can help you analyze results by applicable categories such as:
Legal entity
Business unit
Department
Location
Project
Program or fund
Product or operating segment
Customer or vendor
Currency
— INTERCOMPANY ACTIVITY
Control intercompany transactions.
Transactions between related entities create accounting on both sides of the relationship. When those entries are managed manually, timing and classification differences can delay period close and consolidation.
Entity A
Entity B
Where GoldFinch ERP is used, intercompany operational activity can remain connected to the related inventory, purchasing, sales, shipment, manufacturing, and financial transactions.
— MULTI-CURRENCY
Transact and report in multiple currencies.
GoldFinch supports organizations that buy, sell, hold balances, or report in more than one currency. Applicable capabilities include:
Transact in Local Currency
Transaction and entity or ledger currencies, maintained per company.
Convert at Exchange Rates
Currency conversion and exchange-rate maintenance, applied to foreign-currency balances.
Revalue at Period-End
Period-end currency revaluation, recognizing realized and unrealized gains or losses.
Report in Presentation Currency
Consolidated results translated and reported in an appropriate presentation currency.
This also extends to foreign-currency customer and vendor balances, which are tracked and revalued the same way. Currency requirements vary significantly. During solution design, GoldFinch will confirm your transaction, functional, ledger, consolidation, rate-source, and financial-reporting needs.
— GROUP RESULTS
Consolidate financial results.
Review individual entity performance and combine results for management or group reporting. A configured consolidation process may include:
Complete and Review Entity-Level Transactions
Confirm Intercompany Balances
Revalue Applicable Foreign-Currency Accounts
Translate Entity Results Into the Reporting Currency
Record Consolidation Adjustments
Eliminate Applicable Intercompany Activity
Produce Consolidated Financial Statements and Supporting Reports
GoldFinch preserves the connection between consolidated results and underlying accounting records, subject to the organization’s configuration and security permissions.
— FULL VISIBILITY
Entity-level detail and group-level visibility.
Use Salesforce reports and dashboards to review information at the appropriate level. Applicable reporting may include:
Entity income statements and balance sheets
Consolidated financial statements
Entity comparison
Intercompany balances
Due-to and due-from reconciliation
Foreign-currency balances
Currency revaluation results
Elimination entries
Cash positions by entity and currency
Budget-to-actual reporting
— ENTITY SECURITY
Security across entities.
Not every user should see or modify every entity’s financial information. GoldFinch uses Salesforce security capabilities to support controlled access based on responsibilities.
Your organization can define who may:
The final security model should reflect accounting responsibilities, separation of duties, and Salesforce sharing requirements.
— FINANCIAL AND OPERATIONAL
One platform for financial and operational entities.
GoldFinch Accounting can be implemented separately or combined with GoldFinch ERP. Organizations using the broader platform can connect entity accounting to:
Purchasing and vendor activity
Sales orders and customer billing
Inventory by warehouse or location
Intercompany inventory transfers
Manufacturing activity
Projects and programs
Banking and cash management
Financial and operational reporting
This makes it possible to analyze not only each entity’s financial result, but also the operational activity behind it.
— GETTING STARTED
Implementation starts with the accounting model.
A multi-entity implementation should begin with design, not software configuration. GoldFinch will work with your accounting and business teams to document:
This design becomes the basis for configuration, conversion, testing, reconciliation, training, and deployment.
— COMMON QUESTIONS
Frequently asked questions.
See how GoldFinch would support your entity structure.
Schedule a working session with GoldFinch to review your entities, ledgers, currencies, intercompany activity, consolidation process, and reporting requirements.
We will help you determine:
No obligation. Speak directly with an experienced ERP professional.