Glossary
Plain-English definitions of the accounting, ERP, and industry terms our clients ask about most, with examples and answers to common questions.
Accounting & close
Multi-entity accounting
Managing the books for two or more legal entities under common ownership, with each entity's ledger rolling up into consolidated results.
Financial consolidation
Combining the financial statements of a parent company and its subsidiaries into one set of statements, with intercompany activity removed.
Intercompany eliminations
Removing transactions between related entities so consolidated statements show only activity with outside parties.
New terms are added every month. Can't find a term? Ask our team.
Have a question about
your finance systems?
Our consultants work with Sage Intacct, Sage 300, and Acumatica every day. Tell us what you're trying to solve and we'll point you in the right direction.
Or call us
(407) 965-2411